HC-A.2.2

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Past version: Effective from 01 Apr 2016 to 30 Jun 2016
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A list of recent changes made to this Module is detailed in the table below:

Module Ref.	Change Date	Description of Changes
HC-1 to HC-10	01/2011	Amendments due to introduction of new MOIC Corporate Governance Code.
HC-1.3.7	04/2011	Clarified the rules regarding the limitation on Directorships held by board members.
HC-1.4	04/2011	Amendment made to reflect new Rules on attendance of Directors at Board of Directors meetings.
HC-6.6.3	04/2011	Guidance added dealing with the compliance function.
Appendix A	04/2011	Clarified membership of audit committee to be in line with Rule HC-3.2.1.
HC-B.2.2	01/2012	Clarified language related to corporate governance.
HC-1.2.5 and HC-1.6.3	01/2012	Clarified that the Chairman of the Board may delegate specific duties dealt with in these Paragraphs.
HC-1.4.4B	01/2012	Corrected typo.
HC-1.5.7, HC-1.5.7A and HC-1.5.7B	01/2012	Clarified rule and guidance on the chairman of the Board.
HC-1.10.1	01/2012	Deleted last sentence.
HC-5.6.6	01/2012	Amended Paragraph.
Appendix D	01/2012	Disclosure to shareholders amended.
HC-7.2.5 and HC-10.7.6	10/2012	Clarified Guidance on election of board members.
Appendices A, B and C	10/2012	Amended requirement for written report on performance evaluation for various Board committees.
Appendix A	10/2012	Included reference to compliance under Committee Duties and Responsibilities.
HC-2.2.3 and HC-2.4.1	01/2013	Clarified scope of application for Rules.
HC-1.3.4 and HC-10.1.8	10/2014	Minor corrections to be consistent with wording used in other Volumes of the CBB Rulebook.
HC-1.11.2, HC-2.2.5, HC-6.5.1 and HC-8.2.1	10/2014	Removed reference to single person company as HC-B.1.1 clearly states that the contents of this Module do not apply to insurance licensees with this legal status.
HC-2.3.3 and HC-10.2.5A	04/2016	Added a requirement (or guidance, based on type of insurance license) for the licensee to have in place a board approved policy on the employment of relatives of approved persons.
HC-2.4.1A and HC-10.2.6A	04/2016	Added the requirement (or guidance, based on type of insurance license) to disclose to the board on annual basis relatives of any approved persons occupying controlled functions.