Transformative Governance through Sound Boards (Keynote Address by Shri Shaktikanta Das, Governor, Reserve Bank of India - November 18, 2024 - at the Conference of Directors of Private Sector Banks, Mumbai)

Transformative Governance through Sound Boards (Keynote Address by Shri Shaktikanta Das, Governor, Reserve Bank of India - November 18, 2024 - at the Conference of Directors of Private Sector Banks, Mumbai) https://www.taxtmi.com/news?id=28109 Boards must adopt transformative governance by proactively assessing external and internal risks, monitoring concentration and third party exposures, safeguarding the independence and resourcing of assurance functions, and fostering diversity of opinion. They should ensure robust cybersecurity and contractual oversight of vendors, balance technological innovation with mitigants for harms like AI bias, and prioritise customer centricity through transparent policies, grievance redress, and ethical sales practices. en-us Tue, 19 Nov 2024 16:39:31 +0530 Tue, 19 Nov 2024 16:39:31 +0530 TaxTMI RSS Generator Transformative Governance through Sound Boards (Keynote Address by Shri Shaktikanta Das, Governor, Reserve Bank of India - November 18, 2024 - at the Conference of Directors of Private Sector Banks, Mumbai) https://www.taxtmi.com/news?id=28109 Boards must adopt transformative governance by proactively assessing external and internal risks, monitoring concentration and third party exposures, safeguarding the independence and resourcing of assurance functions, and fostering diversity of opinion. They should ensure robust cybersecurity and contractual oversight of vendors, balance technological innovation with mitigants for harms like AI bias, and prioritise customer centricity through transparent policies, grievance redress, and ethical sales practices. News - Tue, 19 Nov 2024 16:39:31 +0530 https://www.taxtmi.com/news?id=28109