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HC-8.2.3

In each insurance licenseeG :

(a) The Board must adopt written corporate governance guidelines covering the matters stated in Module HC and other corporate governance matters deemed appropriate by the Board. Such guidelines must include or refer to the principles and rules of Module HC;
(b) The insurance licenseeG must publish the guidelines on its website, if it has a website (see HC-7.2.4);
(c) At each annual shareholders' meeting the Board must report on the insurance licensee'sG compliance with its guidelines and Module HC, and explain the extent if any to which it has varied them or believes that any variance or noncompliance was justified; and
(d) At each annual shareholders' meeting the Board must also report on further items listed in Appendix D. Such information should be maintained on the insurance licensee'sG website or held at the insurance licensee'sG premises on behalf of the shareholders.
January 2011
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(1 Version)
 
Jan 1 2011 onwards
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