Tomasic, R.A.Akinbami, F.2025-12-172025-12-172011International Company and Commercial Law Review, 2011; 22(8):237-2490958-5214https://hdl.handle.net/1959.8/121822The recent global financial crisis (GFC) has revealed glaring problems in the corporate governance of banks and other financial institutions thereby raising challenges to many established governance practices. Faced with change, there is a natural tendency to seek to return to familiar patterns of past market behaviour which is a reflection of path dependency in legal and social systems. This back-sliding should not be allowed to occur in so far as banks and financial institutions are concerned, as the crisis has reminded us of the critical position that banks play in capitalist systems.enCopyright 2012 Sweet and Maxwell and its contributorsbanking supervisioncompany lawcorporate governancefinancial institutionsfinancial marketsfinancial regulationJournal article