Amendments to the “Regulations Governing Implementation of Internal Control and Auditing System of Insurance Enterprises”
To strengthen the governance of insurance enterprises, increase the support for directors, and enhance the efficacy of board of directors, the FSC announced the amendments to Article 36-2 of the aforementioned Regulations on August 5, 2019. According to the amendments, insurance enterprises are required to assign appropriate number of qualified corporate governance officers, subject to the scale of the companies, business development, and management requirements. Furthermore, a chief officer of corporate governance shall be the highest position for corporate governance-related matters.
Visitor： 340 Update： 2019-09-18