Part 3Regulation of deposit takers
Standards: Subject matter of standards
78Governance, incorporation structure, and ownership
A standard may regulate, deal with, or otherwise relate to 1 or more of the following matters:
- the governance of a deposit taker, including—
- its organisational structure and the structure of its licensed deposit taker group; and
- the composition, size, and structure of the governing body; and
- the responsibilities of the governing body, of committees of that body, and of its management:
- its organisational structure and the structure of its licensed deposit taker group; and
- the remuneration of, and incentives available to, directors, senior managers, and employees and for any compensation or other benefits payable to directors, senior managers, and employees who cease to hold office, including matters relating to—
- governance of remuneration and incentive practices; and
- alignment of those practices with prudent risk taking; and
- supervisory oversight and engagement by stakeholders:
- governance of remuneration and incentive practices; and
- the incorporation structure of a deposit taker, including matters relating to—
- a deposit taker’s constitution (including prohibiting or restricting provisions that may be included in a constitution or requiring a constitution to include specified provisions); and
- whether a deposit taker must be incorporated under New Zealand legislation:
- a deposit taker’s constitution (including prohibiting or restricting provisions that may be included in a constitution or requiring a constitution to include specified provisions); and
- the ownership structure of a deposit taker and its ownership.


