Article 88 Governance arrangements

the management body must have the overall responsibility for the institution and approve and oversee the implementation of the institution's strategic objectives, risk strategy and internal governance;

the management body must ensure the integrity of the accounting and financial reporting systems, including financial and operational controls and compliance with the law and relevant standards;

the management body must oversee the process of disclosure and communications;

the management body must be responsible for providing effective oversight of senior management;

ní dhéanfaidh Cathaoirleach an chomhlachta bainistíochta ina fheidhm mhaoirseachta ar institiúid feidhmeanna príomhoifigigh feidhmiúcháin a fheidhmiú go comhuaineach laistigh den institiúid chéanna.

céile, páirtnéir cláraithe i gcomhréir leis an dlí náisiúnta, leanbh nó tuismitheoir le duine atá ar an mbord bainistíochta;

eintiteas tráchtála, a bhfuil sealúchas cáilitheach dar luach 10 % nó níos mó de chaipiteal nó de chearta vótála san eintiteas sin ag ball de bhord bainistíochta na hinstitiúide nó ag duine dá dhaoine muinteartha dá dtagraítear i bpointe (a), nó ina bhféadfaidh na daoine sin tionchar nach beag a imirt, nó ina bhfuil post ardbhainistíochta acu nó a bhfuil siad ar an mbord bainistíochta.

identify and recommend, for the approval of the management body or for approval of the general meeting, candidates to fill management body vacancies, evaluate the balance of knowledge, skills, diversity and experience of the management body and prepare a description of the roles and capabilities for a particular appointment, and assess the time commitment expected.

Furthermore, the nomination committee shall decide on a target for the representation of the underrepresented gender in the management body and prepare a policy on how to increase the number of the underrepresented gender in the management body in order to meet that target. The target, policy and its implementation shall be made public in accordance with Article 435(2)(c) of Regulation (EU) No 575/2013;

periodically, and at least annually, assess the structure, size, composition and performance of the management body and make recommendations to the management body with regard to any changes;

periodically, and at least annually, assess the knowledge, skills and experience of individual members of the management body and of the management body collectively, and report to the management body accordingly;

periodically review the policy of the management body for selection and appointment of senior management and make recommendations to the management body.