Regulatory Alerts2026-06-17
Added · Updated
Prudential Guideline No. 14 on Corporate Governance
Licensed Financial Institutions in Solomon Islands must implement an internal Corporate Governance Policy approved by their Board or Proxy Board, tailored to their size, risk profile, and complexity. The Board must include an Independent or Non-Executive Director as chairperson, establish relevant committees, and ensure separate responsibilities for Directors and Senior Management. Senior Management is required to implement policies within approved risk appetites, provide timely information to the Board, and maintain adequate training and internal audit functions. Additionally, the Board must notify the Central Bank of Solomon Islands of any material risk matters affecting the institution's safety and soundness.
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