Ireland releases new governance rules

Elderfield Matthew

The Central Bank of Ireland on Monday unveiled new corporate governance rules for banks and insurers in a bid to rid the country of the lax standards seen in the run-up to the crisis.

The Corporate Governance Code for Credit Institutions and Insurance firms sets out minimum requirements on how banks and insurance companies should organise the governance of their institutions, including the membership of the board of directors, the role and responsibilities of the chairman, and the operation of v

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