Recent research suggests that corporate governance reforms in the non- financial sector may not be appropriate for banks and other financial sector firms. 1 This is based on the view that no single corporate governance structure is appropriate for all industry sectors, and that the application of governance models to particular industry sectors should take account of the institutional dynamics of the specific industry. Corporate governance in the banking and financial sector differs from that in the non-financial sectors because of the broader risk that banks and financial firms pose to the economy. 2 As a result, the regulator plays.
