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Chicago Fed Letter, No. 197b, December 2003
Corporate Governance: Implications for Financial Services Firms
When corporate governance is effective, it helps safeguard shareholders, customers and employees without hindering appropriate risk-taking. But when it is ineffective, it can have a disastrous impact on these key stakeholders and on the long-term viability of the enterprise. This year’s Conference on Bank Structure and Competition brought some of the nation’s top policymakers and bankers together to discuss corporate governance reform and the role of financial firms and regulators.

Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

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