Walker: walking cure

George Hay Sir David Walker has made some progress. The former civil servant and current Morgan Stanley advisor’s report on reforming corporate governance at UK financial institutions has sensible suggestions to improve the quality of bank boards of directors, found wanting in the recent crisis. Sensible, but nothing too radical. Prospective non-executive directors will now be grilled by a “star-chamber” of experienced ex-bankers. Once installed, they will be expected to spend more time on the...