Abstract

The recent development of regulation of bank and insurance corporate governance can play an important role in increasing the quality and performance of boards. The paper describes the most important issues, like board size and composition, gender diversity, independent directors, the time that is dedicated to the respective work by the single directors. These are all relevant requisites for the efficiency of a board, but it is more important to put at the centre of the discussion the working process of the board and to consider boards like a social phenomenon and group structures to point out the behaviour of the members. In this prospective the approach of behavioural law and economics is very useful.