Questions for Directors
As a Danske Bank Board member, would you have accepted the “too expensive” rationale for operating Sampo under a separate IT system?
Given the disclosure of damaging information by sources outside the Bank (e.g., the press) should Danske Bank’s Board of Directors have commissioned independent investigation and monitoring of the Baltic operations? What are the plusses and minuses of this approach?
Does the fact that the Baltic operations’ returns related more to transactions (flow of funds) and less to loans (balance sheet items) make a difference in the oversight approach management and the Board should take?
What should the Board of Directors role be whenever a significant new regulation is implemented in a country the firm operates in?