https://www.taxtmi.com/news?id=26575 Boards must exercise heightened fiduciary responsibility and active oversight to align management incentives with depositor and stakeholder interests, ensure transparency of financial performance and risk practices, and enforce fit-and-proper director composition. Operational duties include setting risk-management expectations with regular reporting on risk appetite and exposures, objectively appraising management and taking corrective action, structuring remuneration to reflect long-term risks with ex-ante and ex-post checks, and instituting Board self-assessment. Assurance functions must be independent, resourced and directly linked to the Board to identify and remediate governance and supervisory concerns. en-us Tue, 06 Jun 2023 09:38:49 +0530 Tue, 06 Jun 2023 09:38:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26575 Boards must exercise heightened fiduciary responsibility and active oversight to align management incentives with depositor and stakeholder interests, ensure transparency of financial performance and risk practices, and enforce fit-and-proper director composition. Operational duties include setting risk-management expectations with regular reporting on risk appetite and exposures, objectively appraising management and taking corrective action, structuring remuneration to reflect long-term risks with ex-ante and ex-post checks, and instituting Board self-assessment. Assurance functions must be independent, resourced and directly linked to the Board to identify and remediate governance and supervisory concerns. News - Tue, 06 Jun 2023 09:38:49 +0530 https://www.taxtmi.com/news?id=26575