UK: PRA consultation - 'corporate governance: board responsibilities'

The Prudential Regulation Authority is consulting on a proposed supervisory statement setting out its expectations on key aspects of the board's role and responsibilities: see here (pdf). The supervisory statement will apply to all PRA-regulated firms. It is not intended to be a comprehensive governance guide, but instead sets out the PRA's expectations in the following a reason: setting strategy; culture; risk appetite and risk management; board composition; the roles of executive and non-executive directors; knowledge and experience of non-executive directors; board time and resources; management information and transparency; succession planning; remuneration; subsidiary boards; and board committees.