Regulatory Alerts2013-05-15
Regulation on the Implementation of Corporate Governance Principles for Banks
The Bank of Mongolia issued this evaluation model to monitor and improve corporate governance in commercial banks by providing a structured assessment framework. The document outlines specific criteria for transparency, shareholder rights, and board accountability, requiring banks to disclose financial data, ensure equal treatment of shareholders, and maintain independent board oversight. It mandates robust internal controls, compliance mechanisms, and risk management practices tailored to the size and complexity of each institution.
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