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  • Executive Summary

    • HC-A.1.1

      This Module contains requirements that have to be met by licencees with respect to:

      (a) The role and composition of their Boards and Board committees; and
      (b) Related high-level controls and policies.
      October 2010

    • HC-A.1.2

      These requirements specify minimum good practice standards, with regards to the function and responsibilities of Boards, their composition and size, and required standards of attendance and frequency of meetings. It also specifies basic requirements with respect to establishing policies and procedures that address the segregation of duties, internal audit and compliance arrangements, and the licensee's approach to remuneration and corporate ethics.

      October 2010

    • HC-A.1.3

      This Module supplements various provisions relating to corporate governance contained in Legislative Decree No. 21 of 2001, with respect to promulgating the Commercial Companies Law ('Commercial Companies Law 2001'). In case of conflict, the Commercial Companies Law shall prevail. Compliance with this Module does not guarantee compliance with the Commercial Companies Law.

      October 2010