Regulatory Alerts2007-05-01 | 24038Added · Updated
Corporate Governance Guideline
The Central Bank of Trinidad and Tobago requires financial institutions to establish an Audit Committee comprising at least three directors, with a majority of independent members and an independent chair. Boards must include at least two independent directors, with non-compliant entities granted a three-year transition period. The guideline mandates the separation of Chairman and CEO roles, requires fit-and-proper standards for directors, and prohibits dual directorships across different financial institutions without Central Bank permit.
Topics
Share