Contribution to EBA Governance guidelines

Consultations on Joint ESMA and EBA Guidelines on Suitability of Members of Management Bodies and EBA Guidelines on Internal Governance – Comments Submitted by Nestor Advisors and CGscope on 27.01.2017

Nestor Advisors and CGscope have recently commented on two sets of draft European Banking Authority (and European Securities and Markets Authority) guidelines on the assessment of suitability of members of the management body and on internal governance. While the guidelines offer important contributions toward enhancing corporate governance in the banking sector, there are possible improvements in a number of areas related to constructive challenge at board level, the meaning of independence and onerous composition requirements.

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