Good governance (also used in German, more rarely translated into German as responsible management)

In relation to banks, as a supervisory term, dutiful, knowledgeable management (management in a manner that is fundamentally free of abuse and corruption, and with due regard for the rule of law). – In the criticism of Basel II, it was considered far more important to have closer supervision of corporate management by the supervisory authority rather than to achieve risk limitation in the financial sector through sophisticated capital adequacy regulations. It is undisputed that financial crises in the past have always resulted from the reckless actions of individuals or from weak control within banks.

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/