Gas Regulator Levies Act, 2002
R 385
Long Term Insurance Act, 1998 (Act No. 52 of 1998)Board NoticesNotice on Governance and Risk Management Framework for Insurers, 2014Part 3 : Composition, Governance and Structure of the Board of DirectorsBoard of Directors5. Duties of each director |
Each director of an insurer, in addition to the requirements of the Companies Act, must—
| (a) | at all times comply with the fit and proper policy of the insurer; |
| (b) | act in the best interests of the insurer and policyholders, putting the interests of the insurer and policyholders ahead of his or her own interests; and |
| (c) | exercise independent judgment and objectivity in decision-making, taking into account the interests of the insurer and policyholders. |
