Corporate Governance Survey 2003, Part 2 >>Corporate governance disclosure: banks focus on bolstering infrastructure

In the second part of Operational Risk's review of 15 bank annual reports for 2002, the editors look at how firms have chosen to address the hot button issues of corporate governance, reputational risk and legal risk. Again, practices vary widely among institutions and geographies.

To view part 1 of the Corporate Governance Survey 2003, click here.

Banks in Europe and the US focused various degrees of attention on the issue of corporate governance in their 2002 annual reports. For some banks, the issue was key, even the first item on the agenda of the chairman’s letter. Others satisfied themselves by simply including the disclosure statements necessary to comply with regulators at home and abroad. Some banks listed all the changes they had made to their internal