Clause 49 Of Listing Agreement Risk Management

The company`s code of conduct incorporates the obligations of independent directors defined by law. An independent director is responsible for the actions of a company that take place with his knowledge or when an independent director does not carefully meet the requirements of the listing agreement. One of the main challenges for board members is to create a foundation of trust with management, the investment community, regulators and the public. The bets are high and the error rate is low. Even if new standards emerge, one thing remains clear: the responsibility for implementing sound governance practices has been entrusted directly to business leaders and senior managers. In order to comply with Article 49(1), an undertaking must comply with some of the following principles. .