Banking (Corporate Governance) Regulations 2005
Table of Contents
Enacting Formula
Part I PRELIMINARY
1 Citation and commencement
2 Definitions
3 Major stake
4 Meaning of "affiliated entity" in relation to relevant major stakeholder
5 Holding by affiliated entity deemed to be holding by relevant major stakeholder
Part II REQUIREMENTS FOR BANKS
6 Independence from management and business relationships
7 Independence from substantial shareholder
8 Determination by Nominating Committee
9 Board of directors
10 Executive Committee
11 Committees of board of directors
12 Nominating Committee
13 Responsibilities of Nominating Committee
14 Determination of independence of directors
15 Furnishing information to Authority
16 Remuneration Committee
17 Audit Committee
18 Approval of Authority
19 Executive officers
20 Separation of roles
21 Corporate governance requirements applicable to major stake financial company
22 Exceptions for purposes of this Part
Part III REQUIREMENTS FOR RELEVANT FINANCIAL HOLDING COMPANIES
23 Independence from management and business relationships
24 Independence from substantial shareholder
25 Determination by Nominating Committee
26 Board of directors
27 Executive Committee
28 Committees of board of directors
29 Nominating Committee
30 Responsibilities of Nominating Committee
31 Determination of independence of directors
32 Furnishing information to Authority
33 Remuneration Committee
34 Audit Committee
35 Approval of Authority
36 Executive officers
37 Separation of roles
38 Exceptions for purposes of this Part
Part IV EXEMPTION
39 Exemption
Part V SAVINGS AND TRANSITIONAL provisions
40 Savings and transitional provisions