Page 14 - Annual Report 2021 EN

/ 14 T ABLE OF C ONTENT S

Governance

The QFCRA operates under a governance framework designed Governance Structure

to ensure transparency, integrity, independence, accountability
and fairness. It is committed to demonstrating best practice

and leadership in this area. The Governance Resolution of the

Board of the QFCRA sets out the policy of the Board on various

governance matters, reflecting the intention that the business

of the QFCRA is conducted in accordance with its regulatory
objectives, applicable laws and principles of sound governance.

Role of the Board

The role of the Board is to lead the QFCRA in line with the QFC

Law and its amendments and other applicable legislation.

The Board sets the strategic direction for the QFCRA; oversees

the executive management’s discharge of the day-to-day
business of the QFCRA; sets policies to manage risks to the

QFCRA’s operations and the achievement of its regulatory

objectives; and seeks regular assurance that the system of

internal controls is effective in managing risks.