31. In the assessment of sufficient time commitment of a member, issuers of ARTs and CASPs should …

In the assessment of sufficient time commitment of a member, issuers of ARTs and CASPs should take at least the following into account:

• a. the number of directorships in financial entities and other companies held by that member at the same time, taking into account possible synergies between different directorships, e.g. in a group context, including when acting on behalf of a legal person or as an alternate of a member of the management body;
• b. the directorships in organisations which do not pursue predominantly commercial ob-jectives held by that member at the same time;
• c. the size, nature, scope and complexity of the activities of the entity where the member holds a directorship and, in particular, whether or not the entity is a non-EU entity;
• d. the member’s geographical presence and the travel time required for the role;
• e. the number of meetings scheduled for the management body;
• f. any necessary meetings to be held, in particular, with competent authorities or other internal or external stakeholders outside the management body’s formal meeting schedule;
• g. the nature of the specific position and the responsibilities of the member, including specific roles such as CEO, chairperson, or chair or member of a committee, whether the member holds an executive or non-executive position, and the need of that mem-ber to attend meetings in the companies listed in points (a) and (b) and in the financial entity;
• h. other external professional or political activities, and any other functions and relevant activities, both within and outside the financial sector and both within and outside the EU;
• i. the necessary induction and training;
• j. any other relevant duties of the member considered necessary to be taken into ac-count in the assessment as they oblige the member to commit time.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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