Statistics Act, 1999
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 DirectorsCommittees of the board6. Structure of board of directors |
| (1) | The board of directors of an insurer must assess whether, and to what extent, the establishment of committees of the board is necessary and appropriate. |
(2) Committees of the board must—
| (a) | be structured to ensure that they have the necessary authority, independence, resources and expertise; |
| (b) | have a clearly defined and documented mandate and functions; and |
| (c) | have access to all relevant employees and information to perform their mandate and functions. |
