Regulatory Alerts2022-04-06
Guideline on Internal and Effective Governance of Banks
The Supervisory Council mandates banks to establish robust internal governance frameworks centered on a clearly defined Steering Council responsible for strategy, risk appetite, and independent oversight. This guideline requires banks to implement strict individual and collective suitability criteria for council members, alongside structured nomination processes, succession planning, and diversity objectives. It further standardizes risk culture, remuneration policies, and committee operations to ensure prudent decision-making and effective alignment with the bank’s strategic and regulatory obligations.
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