HC-6.2.1

Past version: Effective from 01 Oct 2010 to 30 Sep 2011
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The board must appoint senior management whose authority must include management and operation of current activities of the conventional bank licensee, reporting to and under the direction of the board. The senior management must include at a minimum:

(a) A CEO;
(b) A chief financial officer;
(c) A corporate secretary; and
(d) An internal auditor,

and must also include such other approved persons as the board considers appropriate, and as a minimum, must include persons occupying controlled functions outlined in Module LR .

October 2010