Banks must keep non-execs 'up to speed' on risk, says consultancy

Financial institutions must pay more attention to the experience of non-executive directors, says one consultancy.

Bob Hirth, executive vice-president of global internal audit at Protiviti, says firms often overlook the need to make sure non-executive directors are sufficiently briefed to challenge business practices in their organisation. "Non-executive directors did not operate in the world they are now being asked to oversee," he says.

In neglecting this, firms can risk systemic failure in