The Board must ensure that there is a clear division between the Board's responsibility for setting the strategic aims and undertaking the oversight of the Reporting Entity and the Senior Management's responsibility for managing the Reporting Entity's business in accordance with the strategic aims and risk parameters set by the Board.
Derived from RM81/2011
(Made 30th November 2011). [VER1/11-11]
[Amended] DFSA RM120/2013
(Made 14th July 2013). [VER4/07-13]