The document discusses the importance of corporate governance and risk management in financial institutions. It outlines key principles such as having a board of directors and management that are responsible and accountable. The document also stresses the need for financial institutions to have appropriate policies and procedures in place to identify, measure, monitor and control risks as well as strong internal controls and compliance. Adhering to these corporate governance best practices helps ensure the safety and soundness of financial institutions.
The document discusses the importance of corporate governance and risk management in financial institutions. It outlines key principles such as having a board of directors and management that are responsible and accountable. The document also stresses the need for financial institutions to have appropriate policies and procedures in place to identify, measure, monitor and control risks as well as strong internal controls and compliance. Adhering to these corporate governance best practices helps ensure the safety and soundness of financial institutions.
The document discusses the importance of corporate governance and risk management in financial institutions. It outlines key principles such as having a board of directors and management that are responsible and accountable. The document also stresses the need for financial institutions to have appropriate policies and procedures in place to identify, measure, monitor and control risks as well as strong internal controls and compliance. Adhering to these corporate governance best practices helps ensure the safety and soundness of financial institutions.