1. The solvency and financial condition report shall include all of the following information regarding the system of governance of the insurance or reinsurance undertaking:
(a) the structure of the undertaking's administrative, management or supervisory body, providing a description of its main roles and responsibilities and a brief description of the segregation of responsibilities within these bodies, in particular whether relevant committees exist within them, as well as a description of the main roles and responsibilities of key functions;
(b) any material changes in the system of governance that have taken place over the reporting period;
(c) information on the remuneration policy and practices regarding administrative, management or supervisory body and, unless otherwise stated, employees, including:
(i) principles of the remuneration policy, with an explanation of the relative importance of the fixed and variable components of remuneration;
(ii) information on the individual an
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