Profits earned should be used – as priority – to build capital and reserves, rather than to be paid out as dividends or undue compensation. Second, banks should lend, because the magnitude of public support has been provided for this purpose, and the strengthened balance sheets will allow them to lend. Banks should strive to maintain their supply of loans.
As a result, some directors did not have adequate expertise, without bringing into play the role of the Board in corporate governance. It is encouraging, however, the situation has been improving.