Corporate Governance at Lehman Brothers

The Lehman Brother’s corporate governance mechanisms and internal control systems were the utilization of the board of directors to regulate the functioning of the company. However, in spite of these control mechanisms and corporate governance, Lehman Brother’s failed because the company was dominated by the CEO of the company, Richard Fuld. Some of the new regulations such as the living will, are yet to be completely enforced and, it is for the regulatory agencies to strictly enforce the Basel III regulations to prevent future bailouts of financial institutions.