HC-1.1.12

Past version: Effective from 01 Oct 2010 to 31 Mar 2016
To view other versions open the versions tab on the right

The CBB expects the Board to have effective policies and processes in place for:

(a) Ensuring a formal and transparent Board nomination process;
(b) Appointing senior managers, and ensuring that they have the necessary integrity, technical and managerial competence, and experience;
(c) Overseeing succession planning, and minimizing undue reliance on key individuals;
(d) Reviewing key senior management and Board remuneration packages and ensuring such packages are consistent with the corporate values and strategy of the licensee and encourage prudent risk taking;
(e) Monitoring and evaluating management's performance in implementing agreed strategy and business plans, and ensuring appropriate resources are available; and
(f) Approving budgets and reviewing performance against those budgets.
October 2010