Corporate Governance at Community Banks: A Seventh District Analysis

DeYoung, Robert, Driscoll, Patrick, Fried, Colette A., Chicago Fed Letter

Community banks can be vulnerable to the same economic tensions and conflicts of interest that have compromised corporate governance at more high-profile firms over the past few years. The authors discuss their preliminary findings from a project designed to construct a systematic database on the corporate governance practices at District community banks.

Corporate managers make daily business decisions that determine how most of the resources in our economy are used, and they almost always make these decisions without consulting their stockholders, the owners of the resources. Corporate governance-one of the foundational concepts of a capitalist society-is the set of public laws …

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Publication information: Article title: Corporate Governance at Community Banks: A Seventh District Analysis. Contributors: DeYoung, Robert - Author, Driscoll, Patrick - Author, Fried, Colette A. - Author. Journal title: Chicago Fed Letter. Issue: 219 Publication date: October 2005. Page number: 1+. © Federal Reserve Bank of Chicago Mar 2009. Provided by ProQuest LLC. All Rights Reserved.

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