Nestor Advisors - Corporate governance and organisation design

In a nutshell we found that very little has changed within US boards since before the crisis with two-thirds of directors appointed prior to the crisis retaining their board membership.Whilst US boards are older and more entrenched, European boards are on average bigger.

Board chairs in the nine US banks reviewed are also chief executives of their banks, whereas in Europe board chairs are non-executive directors often with financial industry expertise.

Overall, there are more executive board members and financial industry experts in European boards than in US boards where industry knowledge is no more extensive than it was four years ago. Read the full research here.