Risk Committee in the Polish Banking
Journal Title: Zarządzanie i Finanse - Year 2015, Vol 13, Issue 1
Abstract
The financial crisis of 2008 revealed deficiencies in the appropriate supervision of risk, particularly in the banking sector. Management, through inadequate remuneration policy, was encouraged to excessive risk-taking, which was to bring high returns in a short period of time, at the expense of the company’s performance in the long run. Such a situation arose many questions about the effectiveness of the supervisory boards and their committees, which were to supervise risk. The need to appoint a separate committee was considered, a risk committee which would deal with this area of activity of the supervisory board. The aim of this article is to examine whether the banks listed on the Warsaw Stock Exchange have such committees and which rules on the risk committee are reflected in their internal regulations. The analysis will also cover the level of transparency of risk committees and their members.
Authors and Affiliations
Agata Wieczorek
Keywords
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