Banking (Corporate Governance) Regulations 2005 - Singapore Statutes Online

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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 and assessment of qualification

15 Furnishing information to Authority

16 Remuneration Committee

17 Audit Committee

17A Risk Management Committee

18 (Deleted)

18A (Deleted)

19 Executive officers

20 Separation of roles

21 Corporate governance requirements applicable to major stake financial entity

22 Exceptions for purposes of this Part

Part III (Deleted)

Part IV EXEMPTION

39 Exemption

Part V

40

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