Regulatory Alerts2018-10-18
Corporate Governance Requirements for Investment Firms and Market Operators 2018
The Central Bank of Ireland issued these Requirements to strengthen corporate governance standards for relevant investment firms and market operators. The document mandates that boards be composed primarily of independent non-executive directors and requires the establishment of specific committees, including audit, risk, and remuneration committees. It further stipulates strict independence criteria for the Chairperson and defines the composition and operational terms for all board committees to ensure effective oversight.
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