(a) Representation Every information given by a proposer for insurance to the insurer during the negotiation is a representation. A representation may be a representation as to a matter of fact, expectation or belief. If made as to a matter of fact, it is true if substantially correct. If made as to a matter of expectation or
Overview. The report of the World Bank on corporate governance is a landmark when we trace the evolution of the theory of corporate governance. It can trace the complicity of the concept of corporate governance from the report of the world bank, therefore, the corporate governance base on the sets of principle such as fairness, accountability,
The baking regulation act summarizes governance and supervision on the bank, including the legislation, the regulatory bodies, the role of international standards, rules relating to licensing the bank, the requirement of foreign investment and the recent trend in regulating bank. Legislation and regulatory authorities Legislation The business related to banking and financial service is primarily governed
INTRODUCTION The Reserve Bank of India (RBI) published the Guidelines on Compensation of Whole Time Directors/Chief Executive Officers/Risk takers and Control function staff (Guidelines) on 13 January 2012. These apply to private and foreign banks. The central government determines compensation packages in state-owned banks. The Guidelines have adopted the Financial Stability Board Principles for Sound
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