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AU-1.2.9A

The Chairman of the Board may not act as the Chief ExecutiveG or General ManagerG . However, in the case of appointing a DirectorG on the Board as the Managing DirectorG of the insurance licenseeG , such person:

(a) Should be fully responsible for the executive management and performance of the insurance licenseeG , within the framework of delegated authorities set by the Board;
(b) Must devote full-time working hours to the insurance licenseeG ; and
(c) Must not be employed at any other firm.
Added: April 2011
 Versions
(1 Version)
 
Apr 1 2011 onwards
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