CGscope focuses on bank corporate governance intelligence. We collect and analyse critical governance data and information buried in thousands of pages of public disclosures using purpose-built data mining techniques. Our analysis is presented to clients in regular benchmarking reports. In addition, we provide our clients with governance intelligence updates and access to dedicated experts.
Financial institution leaders require relevant information about their peers’ corporate governance practices to respond effectively to business challenges, supervisory requirements and investor expectations. Just like peer analysis of financial information, governance benchmarking is becoming a standard best practice.
CGscope's benchmarking service improves decision making:
CGscope's benchmarking service supports compliance:
CGscope's benchmarking service helps improve relationships with stakeholders:
Sir Adrian Cadbury described corporate governance as “the way that companies are directed and controlled”. Good corporate governance is based on four key principles: responsibility, accountability, transparency and fairness. The focus of our analysis is on the mechanisms, policies, stakeholder relationships and decision-making processes that the leaders of an organisation—its board and senior management—employ for its direction and control.
In the post financial crisis years, the corporate governance of the world's financial institutions has moved from the sphere of voluntary aspirational design to tightly regulated requirements and supervised practices.
Supervisors have a keen interest in sound corporate governance, as it is an essential element in the safe and sound functioning of a bank and may adversely affect the bank’s risk profile if not operating effectively.Basel Committee on Banking Supervision, Corporate Governance Principle for Banks, BIS 2015
CGscope and Nestor Advisors have recently commented on two sets of draft European Banking Authority and European Securities and Markets Authority guidelines on the assessment of suitability of members of the management body and on internal governance. While the guidelines offer important contributions toward enhancing corporate governance in the banking sector, we believe improvements are possible in a number of areas related to constructive challenge at board level, the meaning of independence and onerous composition requirements. Read more...
The cultural debacle at Wells Fargo might have a lot to do with the fragmented way its board “owned” culture. Significantly low levels of financial sector expertise among Wells Fargo directors and the total absence of any directors with banking experience among the members of the remuneration committee might have also contributed to the dissonance between the Bank’s lofty cultural pronouncements and the dysfunctional incentive system that drove behaviour in the branches. Read more...
CGscope is a London-based data analytics start-up led by young but experienced professionals. We started as a spin-off of Nestor Advisors, a well-established and leading consultancy in corporate governance, from whom we inherited our analytics methodology.
Currently we are expanding our database by enhancing and innovating our data collection tools and the ways in which we extract intelligence from our data to produce client benchmarking reports.
CGscope is unique in many ways:
Here at CGscope we have an open and inclusive culture, where you will be valued and trusted in the team, and have the opportunity of taking responsibility and ownership working towards our ambitious goals.
It is an exciting time to join our small and extremely motivated team here at CGscope!