This document discusses corporate governance in financial services following the global financial crisis. It begins by outlining the importance of corporate governance and defines it as the procedures and processes by which an organization is directed and controlled. It then discusses key principles of corporate governance for banks according to the Basel Committee on Banking Supervision, including setting objectives, risk management, and protecting depositors. The document notes that sound corporate governance in banks can promote economic development by increasing access to finance and improving operational performance. However, poorly governed banks can damage the economy. While boards and senior management have primary responsibility for governance, other stakeholders like regulators, shareholders, and governments also play important roles. The document reviews key events in banking history over the 20th century and