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The
Central Bank is undertaking a review of its corporate governance code for credit institutions and insurance undertakings: see
here (
pdf). A number amendments to the code are proposed including: requiring all institutions to appoint a chief risk officer; requiring the audit committee chairman to be a member of the risk committee and the risk committee chairman to be a member of the audit committee. Views are also sought on other matters including whether it is necessary to include a provision concerning board diversity.
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