+124. Where such a transition takes place without a cooling-off period of two years, institutions …

124. Where such a transition takes place without a cooling-off period of two years, institutions …

Where such a transition takes place without a cooling-off period of two years, institutions should put in place appropriate measures to address potential conflicts of interest, in particular where the individual would oversee, as a chairperson, decisions or actions taken during their former executive role. Such measures may include, but are not limited to, one or more of the following illustrative actions, without prejudice to national law:

a. The chair who previously was a CEO will not chair the management body’s discussion when an item is being discussed which is identified as a conflict of interest.
b. If deemed necessary, the chair who previously held the CEO role may be requested by the other members of the management body in its supervisory function to abstain from voting for such items where a conflict of interest has been identified.
c. In cases when the discussion or decision refers to the evaluation of their former performance as CEO, or refers to remuneration resolutions for their previous function, the chair cannot participate in the discussion, or take part in the vote.

1. Forbhreathnú

Teideal	Rialáil

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

Ceanglais
Foinse	Ceanglas

3. Caighdeáin ghaolmhara

Caighdeáin
Foinse	Ceanglas

EBA -
EN: Guidelines and other publications of the European Banking Authority (EBA), https://www.eba.europa.eu/. © European Banking Authority. Reproduction is authorised provided the source is acknowledged (EBA legal notice). Divided into sections and converted into the GRCA format, the wording unchanged. Only the versions published by the EBA are authoritative.

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