Summary
The objectives of this directive are a) to require Regulated Financial Institutions to adopt sound corporate governance principles and best practices to enable them under take their licensed business in a sustainable manner, b) to promote the interest of depositors and other stakeholders by enhancing corporate performance and accountability of the Regulated Financial Institutions and c) to promote and maintain public trust and confidence in Regulated Financial Institutions by prescribing sound corporate governance standards which are critical to the proper functioning of the banking sector and the economy as a whole.