The Basel Committee recognises that primary responsibility for good corporate governance rests with boards of directors and senior management of banks. Corporate Governance can be improved by addressing a number of legal issues such as protecting and promoting shareholder rights, clarifying governance roles.
Ensuring that corporations function in an environment that is free from corruption and bribery; and aligning the interests of managers, employees and shareholders through appropriate laws, regulations and other measures. All of these can help promote healthy business and legal environments that support sound corporate governance and related supervisory initiatives.