Primary Task Response: Within the Discussion Board area, write 300–500 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
A regional bank has decided to open an office overseas for serving businesses that are expanding internationally. Choose and research a location with a large financial center that you believe would be helpful to your customer base. Some examples include Tokyo, Japan; London, United Kingdom; and Sydney, Australia. Please discuss the following with your classmates:
What are some cultural, political, and economic challenges of working in this environment?
What different kinds of marketing strategies could the bank use overseas?
Do you think the bank will be successful in international trade? Why or why not?
More details;
Corporate governance principles for banks
Introduction
1. Effective corporate governance is critical to the proper functioning of the banking sector and
the economy as a whole. Banks perform a crucial role in the economy by intermediating funds from
savers and depositors to activities that support enterprise and help drive economic growth. Banks’ safety
and soundness are key to financial stability, and the manner in which they conduct their business,
therefore, is central to economic health. Governance weaknesses at banks that play a significant role in
the financial system can result in the transmission of problems across the banking sector and the
economy as a whole.
2. The primary objective of corporate governance should be safeguarding stakeholders’ interest in
conformity with public interest on a sustainable basis. Among stakeholders, particularly with respect to
retail banks, shareholders’ interest would be secondary to depositors’ interest.
3. Corporate governance determines the allocation of authority and responsibilities by which the
business and affairs of a bank are carried out by its board and senior management, including how they:
• set the bank’s strategy and objectives;
• select and oversee personnel;
• operate the bank’s business on a day-to-day basis;
• protect the interests of depositors, meet shareholder obligations, and take into account the
interests of other recognised stakeholders;
• align corporate culture, corporate activities and behaviour with the expectation that the bank
will operate in a safe and sound manner, with integrity and in compliance with applicable laws
and regulations; and
• establish control functions.
4. The Basel Committee’s guidance draws from principles of corporate governance published by
the Organisation for Economic Co-operation and Development (OECD). The OECD’s widely accepted and
long-established principles aim to assist governments in their efforts to evaluate and improve their
frameworks for corporate governance and to provide guidance for participants and regulators of
financial markets.
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