BCBS: Corporate governance principles for banks

09 July 2015

Effective corporate governance is critical to the proper functioning of the banking sector. While there is no single approach to good corporate governance, the Basel Committee's revised principles provide a framework to achieve robust and transparent risk management.

The Committee's revised set of principles supersedes guidance published by the Committee in 2010. The revised guidance emphasises the critical importance of effective corporate governance for the safe and sound functioning of banks. It stresses the importance of risk governance as part of a bank's overall corporate governance framework and promotes the value of strong boards and board committees together with effective control functions. More specifically, the revised principles:

A consultative version of the Corporate governance principles for banks was published in October 2014. The Basel Committee wishes to thank all those who contributed time and effort to express their views during the consultation process.

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