Regulatory Alerts2018-02-23
Isle of Man Financial Services Authority Guidance on Corporate Governance for Non-Banks
The Isle of Man Financial Services Authority issued this March 2017 guidance to assist non-bank licenceholders in enhancing their corporate governance frameworks. The document outlines five core objectives: statutory compliance, risk management, alignment of shareholder and director interests, robust management controls, and balanced board power. It provides tailored recommendations for entities based on organizational complexity, ranging from simple structures with minimal delegation to larger groups requiring independent directors and formal board committees.
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