39. Without prejudice to the shareholders’ approval, the management bodies of issuers of ARTs and …

Without prejudice to the shareholders’ approval, the management bodies of issuers of ARTs and CASPs should adopt a suitability policy. The policy should include principles on the selection, monitoring and succession planning of its members and for re-appointing existing members and should set out at least the following:

• a. the process for the selection, appointment, re-appointment and succession planning of members of the management body and the applicable internal procedure for the assessment of the suitability of members, including the internal function responsible for providing support for the assessment (e.g. human resources);
• b. the criteria to be used in the assessment, which should include the suitability criteria set out in these Guidelines;
• c. the criteria on the composition of the management body, including how diversity as-pects in terms of gender, age, educational and professional background and geograph-ical provenance of members of the management body are to be taken into account and, where applicable, how targets regarding the appropriate gender balance will be met;
• d. the communication channel with the competent authorities; and
• e. how the assessment and its result should be documented, including the setting of an appropriate retention period.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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