Establishment of Management Structure
HC-10.6.2
The Board should appoint
senior management whose authority must include management and operation of current activities of theinsurance consultants ,insurance managers ,insurance aggregators andcaptive insurance firms , reporting to and under the direction of the Board. Thesenior managers should include at a minimum:(a) A CEO;(b) A chief financial officer;(c) A corporate secretary; and(d) An internal auditor (see AU-1.2)and should also include such other
approved persons as the Board considers appropriate and as a minimum must include persons occupyingcontrolled functions as outlined in Paragraph AU-1.2.2.Amended: October 2019
January 2011