Administrative Management and Supervisory Bodies

From Open Risk Manual


Administrative Management and Supervisory Bodies. The governance bodies with the highest decision-making authority in the undertaking including its committees.

If there are no administrative, management or supervisory body of the undertaking, the CEO, and if such function exists, the deputy CEO, should be included. In some jurisdictions, governance systems consist of two tiers, where supervision and management are separated. In such cases, both tiers are included under the definition of administrative, management and supervisory bodies.