Top 10 op risks: board overstretch

The second in our series of top 10 op risks for 2014 focuses on the boardroom. Regulators and governments are loading new responsibilities on to directors – adequate board membership has never been more important

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