The Prudential Regulation Authority (PRA) as published a consultation paper looking to identify some key issues of good board governance for boards to consider and to which the PRA pays close attention in the conduct of its supervision, for comment by 14 September 2015
The draft statement underscores the collective responsibilities shared by board members, and provides guidance on the PRA’s expectations including setting strategy; culture; risk appetite and risk management; board composition; the respective roles of executive and non-executive directors etc.
The consultation paper is available here