Regulatory Alerts2014-07-03
Corporate Governance Code for Credit Institutions and Insurance Undertakings 2013
The Central Bank of Ireland issued the 2013 Corporate Governance Code to impose minimum core standards and additional requirements on licensed credit institutions and insurance undertakings. The Code mandates robust governance frameworks, including board composition rules, separation of the Chairman and CEO roles, and strict limits on external directorships. It requires annual compliance statements and immediate reporting of material deviations to ensure effective oversight and risk management.
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