Activity
Ensure proper oversight from Board of Directors
Analyse internal environment ICS ERM
Organisation
Responsible role
Senior Management
Responsible
Senior Management
Input/Output
Input data
Code of conduct
Output data
Code of conduct
Requirements
Requirements (Basel II)
Principle 4
Board and senior management oversight
Requirements (SOX)
Section 303: Improper Influence on Conduct of Audits
Section 405: Exemption
Section 206: Conflicts of Interest.
Section 203: Audit Partner Rotation.
Section 306: Insider Trades During Pension Fund Black-Out Periods.
Section 204: Auditor Reports to Audit Committees.
Section 906. Corporate responsibility for financial reports
Section 403: Disclosures Of Transactions Involving Management And Principal Stockholders.
Section 304: Forfeiture of Certain Bonuses and Profits
Section 402: Enhanced Conflict of Interest Provisions
Section 802: Criminal penalties for altering documents
Requirements (MIFID)
Article 9 Responsibility of senior management
Article 9 Persons who effectively direct the business