Basel has published the final version of its paper on principles for enhancing corporate governance. The principles address failings in banks' corporate governance that became apparent during the crisis and focus on:
- the role of the board;
- the board's qualifications;
- the importance of a risk management function;
- the need to identify, monitor and manage risks on an ongoing firm-wide and individual entity basis; and
- active board oversight of remuneration system design and operation.