Comparative Analysis of Corporate Governance Practices of Societe Generale and UniCredit Bank Groups in the EU Cover Image

Сравнителен анализ на практиките по корпоративно управление на банковите групи на Сосиете Женерал и Уникредит в ЕС
Comparative Analysis of Corporate Governance Practices of Societe Generale and UniCredit Bank Groups in the EU

Author(s): Dimitar Ivanov
Subject(s): Economy, Supranational / Global Economy, Business Economy / Management
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Corporate Governance; Banking Sector; Financial Institutions
Summary/Abstract: The aim of this report is to analyse to what extent Societe Generale and UniCredit bank groups are following corporate governance practices recommended by international institutions such as Organisation for Economic Co-operation and Development, Bank for International Settlements, European Banking Authority, EU directives and regulations as well as other country-specific rules. The ratio regulations-good practices in banks’ corporate governance serves as a factor determining their good economic performance and which factor occurs similarly in both baking groups. Considering the significance and the span of their business activities, it is of extreme importance to establish an adequate framework for corporate governance which shall adhere to, and where possible, to pre-empt regulatory requirements by the supervisory authorities. This is being done with the purpose of delivering better reporting and supervisory functions over the banking structures not only on a parent company level but on subsidiaries level too.