GUIDE TO SUPERVISION
11/12/2020
IN THE COVID-19 WORLD
It is the job of a supervisor to ask questions of board members and senior managers, and they have an obligation to respond openly and constructively. For example, supervisors can use off-site monitoring and telephone or video discussions with members of the board and senior management to assess:
- Whether the non-executive directors are sufficiently challenging of senior management;
- How well the board understands the risks that the firm is running, including how risks;
Have shifted as a result of COVID19;
- How well the board uses information from the firm’s external auditors, and from its internal control and internal audit functions; and
- How the board assures itself that the firm’s internal controls, remuneration, and other policies and procedures operate effectively and are in line with the strategy and risk appetite set by the board.
https://res.torontocentre.org/guidedocs/TC%20Guide%20to%20Supervision%20FINAL.pdf#page41
https://res.torontocentre.org/guidedocs/TC%20Guide%20to%20Supervision%20FINAL.pdf#page41
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.