16. The implementation of these principles should be commensurate with
the size, complexity, structure, economic significance,
risk profile and
business model of the bank and the group (if any) to which it belongs. This
means making reasonable adjustments where appropriate for banks with lower
risk profiles, and being alert to the higher risks that may accompany more
complex and publicly listed institutions [The
Committee recognises that some countries have governance, accounting and
auditing standards which may be more extensive and prescriptive for larger
or for publicly listed institutions than the principles set forth in this
document.]. SIFIs are expected to have in
place the corporate governance structure and practices commensurate with
their role in and potential impact on national and global financial
stability.

17. The principles set forth in this document are relevant regardless of
whether or not a jurisdiction chooses to adopt the Committee's regulatory
framework. The board and senior management at each bank have an obligation
to pursue good governance.