Boards at work: why and how induction and training could enhance directors’ effectiveness in the boardroom

Paola Schwizer, Rosalba Casiraghi, Valeria Stefanelli
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引用次数: 1

Abstract

In the wake of the recent economic and financial crisis, board induction and training process has become highly important. This article discusses that an institutionalized and effective board induction and training process could maximize the director's contribution thus improving board effectiveness in banks. Firstly, by using qualitative research methods, the study shows the state of the art measures on board induction and training programs for directors in European banks. And then, it also depicts the results of a survey about the opinions of an Italian panel on the topic. Findings confirm that directors are aware of the importance of induction and training programs as a tool to enhance the effectiveness of corporate governance. However, there is substantially limited dissemination of these practices in banks and, in those cases where these practices are used more extensively, it is possible to spot some areas of improvement compared to best practices. Our results may be justified by: a delay of regulation on governance; a possible disappointment of company executives and a consideration of these practices in terms of mere business “costs” rather than as “opportunities” to improve the bank board effectiveness. On the basis of our knowledge, there is no empirical analysis designed to describe the dissemination and the organizational characteristics of the initiatives of training and updating of directors in banks, so this article will improve the existing literature on bank governance and European boards.
工作中的董事会:入职和培训为何以及如何提高董事在董事会中的效率
在最近的经济和金融危机之后,董事会入职和培训过程变得非常重要。本文探讨了制度化和有效的董事会导入和培训过程可以最大限度地发挥董事的贡献,从而提高银行董事会的有效性。首先,通过定性研究方法,研究显示了欧洲银行董事入职和培训计划的最新措施。然后,它还描述了一项关于意大利小组对该主题的意见的调查结果。调查结果证实,董事们意识到导入和培训计划作为提高公司治理有效性的工具的重要性。然而,这些实践在银行中的传播非常有限,在这些实践得到更广泛使用的情况下,与最佳实践相比,有可能发现一些改进的领域。我们的结果可能是合理的:延迟对治理的监管;公司高管可能会感到失望,考虑到这些做法仅仅是商业“成本”,而不是提高银行董事会效率的“机会”。根据我们的知识,没有实证分析旨在描述银行董事培训和更新举措的传播和组织特征,因此本文将改进现有的关于银行治理和欧洲董事会的文献。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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