Boards not ensuring that appropriate and up-to-date succession plans are in place for both the board and senior management. Inappropriate membership and attendance at audit committee meetings by the Chairman or CEO, which can compromise the committee’s independence or effectiveness.
In addition, Dodd-Frank codified a requirement for stress testing  2  BIS central bankers’ speeches  of the sort already in use by the Federal Reserve, which makes capital requirements more forward-looking by estimating the impact of an adverse economic scenario on a firm’s capital.