📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      "Related Party" for a bank

      includes:
      A Subsidiaries Correct Answer Incorrect Answer
      B Directors and their relatives Correct Answer Incorrect Answer
      C Directors and their relatives Correct Answer Incorrect Answer
      D Major Shareholders Correct Answer Incorrect Answer
      E All of the above Correct Answer Incorrect Answer

      Solution

      A "Related Party" for a bank includes directors, key management personnel (KMP), their close family members, and entities controlled by them. It also covers shareholders holding 10% or more (as of 2023), subsidiaries, associate companies, and, for banks, directors of other banks/financial institutions.

      Practice Next
      More Corporate Governance and CSR Questions
      ask-question