80. In the context of assessing the institution’s management body, competent authorities should …

In the context of assessing the institution’s management body, competent authorities should consider inter alia whether:

• a. the management body knows and understands the institution’s legal, organisational and operational structure (‘know your structure’) and its risks, including appropriate oversight;
• b. where applicable, the management body of the consolidating institution understands both the organisation of the group and the roles of its different entities, and the links and relationships among them;
• c. the management body collectively has an appropriate understanding of the institution’s business model and activities, and remains up to date on sufficient knowledge and skills regarding relevant risks, including ICT risks, ESG risks and other emerging risks, through regular training;
• d. the institution has a policy to promote diversity and inclusion within the management body and regularly assesses these, including gender balance, and whether the composition, functioning and succession planning of the management board support effective decision-making and reflect the institution’s diversity and inclusion objectives;
• e. the members of the management body interact effectively, including between its management and supervisory functions;
• f. each member of the management body acts with independence of mind, maintaining a sufficient time commitment and is appropriately informed of the institution’s risk situation;
• g. the management body in its supervisory function has established, where applicable, risk, audit, nomination and remuneration committees, and whether these committees fulfil their tasks as prescribed by the applicable legal and regulatory framework.

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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