Page 14 - Annual Report 2022 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
COUNCIL OF MINISTERS
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 QFC Authority QFC Regulatory QFC Civil and QFC Regulatory
objectives, applicable laws and principles of sound governance. Tribunal Commercial Court Authority

Role of the Board

Board 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
Executive Team Executive Team
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.

Policy, Legal and Strategy and Supervision and Corporate
Enforcement Division Risk Division Authorisation Division Services Division