Regulatory Alerts2015-02-18
DBFIA Practice Direction No. 6 (Apr 2015) Corporate Governance
The Central Bank of Belize issued this Practice Direction to establish comprehensive corporate governance expectations for all banks and financial institutions supervised by the regulator. It mandates robust board practices, including qualification standards, conflict of interest policies, and quarterly meetings, while requiring effective risk management and internal control systems. The document further outlines requirements for senior management oversight, compensation structures, and transparency to ensure the long-term stability and public trust of the financial sector.
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