Regulatory Alerts2017-08-24 | 29478Added · Updated
Banking Sector Corporate Governance Guideline
The Central Bank of Trinidad and Tobago issued the Corporate Governance Guideline effective May 8, 2006, applicable to institutions licensed under the Financial Institutions Act, 1993, and insurance companies registered under the Insurance Act. The document requires licensees and registrants with fewer than two independent directors on their Boards to submit a plan of action to the Inspector of Financial Institutions by July 31, 2006. This plan must detail steps to reconstitute the Board to meet the Guideline's criteria.
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