Abstract

Merril Lynch is a leading investment bank and the world’’s largest underwriter. It provides a diverse range of financial and advisory services - investment banking, brokerage, trust services, insurance, clearing services and asset management. The company has taken various steps to ensure high standards of corporate governance. This case examines Merrill Lynch’’s corporate governance practices with respect to the board structure, the roles and responsibilities of directors, director compensation, the various board committees, committee functions and responsibilities.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

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Keywords

Merrill Lynch, Corporate governance, Board of directors, Board structures, Director responsibilities, Director compensation, Board committees, Succession planning, Board evaluation