Strategic human resources and corporate governance in banking

Bace, Edward (2018) Strategic human resources and corporate governance in banking. Journal of Human Resource Management, 21 (2). pp. 1-7. ISSN 2463-7683

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Abstract

The importance of human and corporate governance, crucial to all serious undertakings, is particularly critical in the fields of finance and business. Banks and other financial institutions play a key role in a nation’s economy, and also have global implications for growth and prosperity. The abuses of the financial system, vividly illustrated in the 2008 crisis, reinforce the need for improved conduct and corporate governance among financial institutions, in which the Human Resources (HR) function, by virtue of its expertise, should play an enhanced and influential part. This summary paper argues for a strengthening of the HR position, emphasising greater independence and more elevated reporting lines. It is the HR experts who should know better than most management in a bank which human foibles contribute to abuse of the system and how to mitigate them. In this way banks can more quickly win back the public trust they have lost in large measure.

Item Type: Article
Research Areas: A. > Business School > Accounting and Finance
Item ID: 25395
Notes on copyright: "JHRM is an open access journal which means that all content is freely available without charge to the user or his/her institution. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles, or use them for any other lawful purpose, without asking prior permission from the publisher or the author." https://www.jhrm.eu/
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Depositing User: Edward Bace
Date Deposited: 15 Oct 2018 17:24
Last Modified: 28 Jan 2019 16:31
URI: http://eprints.mdx.ac.uk/id/eprint/25395

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