The information on governance shall contain at least a detailed description of the following matters:

(1) how the recovery plan was developed, including at least:

(a) the role and function of persons responsible for preparing, implementing and updating each section of the plan;

(b) the identity of the person who has overall responsibility for keeping the recovery plan up-to-date and a description of the process to be used for updating the recovery plan to respond to any material changes affecting the institution or group or their environment;

(c) a description of how the plan is integrated in the corporate governance of the institution or group and in the overall risk management framework;

(d) if the considered entity is part of a group, a description of the measures and arrangements taken within the group to ensure the coordination and consistency of recovery options at the level of the group and of individual subsidiaries;

(2) the policies and procedures governing approval of the recovery plan, including at least:

(a) a statement whether the recovery plan has been reviewed by an internal audit function, external auditor or risk committee;

(b) confirmation that the recovery plan has been assessed and approved by the management body of the institution or EU parent undertaking responsible for submitting the plan;