TY - JOUR
T1 - Formulation of a corporate governance index for banking sector: The GIB.X62
AU - Braendle, U.
AU - El-Abiad, Z.
AU - El-Chaarani, H.
N1 - Publisher Copyright:
© 2023 The Authors
PY - 2023/4/8
Y1 - 2023/4/8
N2 - The purpose of this research is to define a new international corporate governance index for the banking sector (GIB.X62) based on 62 criteria and 7 internal performance indicators related to board of directors, internal audit, compensation, risk management, nomination, compliance, ethics, transparency and disclosure. The new index model was applied on 7 different banks from US, France, Spain, Italy, Lebanon, Egypt and Jordan in 2021. The GIBX(62) can be generalized and applied by the international banks to measure their corporate governance efficiency. In addition, the GIBX(62) can be used by shareholders, depositors and regulators at the national and international level to monitor the process of corporate governance practices in banking sector.
AB - The purpose of this research is to define a new international corporate governance index for the banking sector (GIB.X62) based on 62 criteria and 7 internal performance indicators related to board of directors, internal audit, compensation, risk management, nomination, compliance, ethics, transparency and disclosure. The new index model was applied on 7 different banks from US, France, Spain, Italy, Lebanon, Egypt and Jordan in 2021. The GIBX(62) can be generalized and applied by the international banks to measure their corporate governance efficiency. In addition, the GIBX(62) can be used by shareholders, depositors and regulators at the national and international level to monitor the process of corporate governance practices in banking sector.
KW - Bank
KW - Corporate governance
KW - Index
KW - Internal governance mechanisms
UR - http://www.scopus.com/inward/record.url?scp=85152569998&partnerID=8YFLogxK
U2 - 10.1016/j.heliyon.2023.e15253
DO - 10.1016/j.heliyon.2023.e15253
M3 - Article
C2 - 37123918
SN - 2405-8440
VL - 9
SP - e15253
JO - Heliyon
JF - Heliyon
IS - 4
M1 - e15253
ER -