Wednesday 2 February 2011

UK: governance of retail firms - FSA guidance and consultation

The Financial Services Authority has published for consultation guidance concerning governance in retail firms: see here (pdf). The guidance takes the form of a letter addressed to board chairmen and chief executives and sets out the key points discussed by the FSA in a series of seminars in the autumn last year. The letter focuses on board effectiveness, the role of non-executive directors and risk.

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