Top 10 op risks: board overstretch

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The burden of post-crisis regulatory change has fallen most heavily – and rightly so – on boards of directors. Even in 2009, the US Securities and Exchange Commission was already taking a critical look at bank boards, many of which had proved themselves completely inadequate when faced with the credit crisis – encouraging banks to disclose their directors' qualifications in response to the appointment of unqualified 'celebrity' directors such as Thomas Franks, commander of the catastrophically f

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