In January 2019, Metro Bank revealed that it has misclassified large numbers of commercial loans when calculating its risk-weighted assets. Since then, the challenger bank has made the headline over its weak corporate governance. The Metro Bank case is an interesting case study for NEDs. In this blog, we consider Metro’s board composition, internal controls and related-party transactions. Board composition Metro Bank has not made any changes to its board or its senior management team following the accounting error. Several non-executive directors (6 out of 9 NEDs) have been directors since the creation of the bank in 2010 and
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