2.4.3 Process and reporting lines

59.The remuneration committee should:

• a. have access to all data and information concerning the decision-making process of the supervisory function on the remuneration policies and practices design and implementation, oversight and review;
• b. have adequate financial resources and unfettered access to all information and data from independent control functions, including risk management;
• c. ensure the proper involvement of the independent control and other relevant functions (e.g. human resources, legal and strategic planning) within the respective areas of expertise and where necessary seek external advice.

60.The remuneration committee should collaborate with other committees of the supervisory function whose activities may have an impact on the design and proper functioning of remuneration policies and practices (e.g. risk, audit and nomination committees); and provide adequate information to the supervisory function, and, where appropriate, to the shareholders ’ meeting about the activities performed.

61.When established, the risk committee should, without prejudice to the tasks of the remuneration committee, examine whether incentives provided by the remuneration policies and practices take into consideration the institution ’ s risk, capital, liquidity and the likelihood and timing of earnings.

62.A member of the risk committee should participate, where relevant, in the meetings of the remuneration committee, where both committees are established, and vice versa.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/