91. In line with the EBA Guidelines on internal governance, the Joint ESMA and EBA Guidelines on the assessment of the suitability of members of the management body and key function holders, and the EBA Guidelines on disclosure requirements, the assessment of the internal governance framework by competent authorities should include an assessment of whether the institution demonstrates at least that:
a. the duties of the management body are clearly defined, distinguishing between the duties of the management (executive) function and of the supervisory (non-executive) function, and that appropriate governance arrangements have been implemented;
b. a robust and transparent organisational structure with clearly defined responsibilities, including those of the management body and its committees has been set up;
c. the management body has set and ensured the implementation of a business and a risk strategy, including the setting of the institution’s risk appetite, on an individual and a co
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