13.1 The board shall be responsible for appointing a Chief Executive Officer and senior management with appropriate integrity and adequate knowledge, experience, skill and competence for their roles.
13.2 The board shall be responsible for endorsing the appointment of people who may have a material impact on the risk profile of the institution and monitoring on an ongoing basis their appropriateness for the role.
13.3 The board shall be responsible for either the appointment of non- executive directors or where appropriate identifying and proposing the appointment of non-executive directors to shareholders and the board shall ensure that non-executive directors are given adequate training about the operations and performance of the institution. The board shall routinely update the training as necessary to ensure that they make informed decisions.
13.4 The board shall define and document the responsibilities of the board of directors, board committees and senior management to ensure tha
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