Board of Directors have been seen as major contributing factors in the collapse of financial institutions. Identify a failed financial institution you are familiar to you:

● Provide compelling arguments of no less than three key responsibilities of the Board of Directors, where the failure of the Board to perform these responsibilities effectively contributed to the collapse of a financial institution. (Marks 4)

● Suggest no less than three recommendations the institution could have implemented to prevent the collapse (Marks 4)

Students can use practitioner publications or formal websites such as Business Week, Fortune, Harvard Business Review, Wall Street Journal, or professional websites to identify information in support of their responses. Students can also use academic research publications such as Academy of Management Journal, Journal of International Management. External references must be appropriately cited both in the body of the answer as well as in a reference list at the end of the answer