Performance Review Committee oversight requires annual review of compliance, governance and risk management with mandated reporting to central authority. A Performance Review Committee of at least two Members shall review the Authority's adherence to applicable laws, the transparency and governance of its ... Summary
Performance Review Committee oversight requires annual review of compliance, governance and risk management with mandated reporting to central authority.
A Performance Review Committee of at least two Members shall review the Authority's adherence to applicable laws, the transparency and governance of its regulations, and its risk management; perform the review at least once every financial year; submit findings to the Authority which must forward the report and any action taken to the Central Government within three months; maintain a system for receiving incidents of legal non-adherence, resource misappropriation, abuse of power, or non-compliance; and the Authority must regulate information provision and supply adequate resources for the Committee to discharge its functions.
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