FOS: November board meeting minutes published

Regulatory Updates | 08/01/21

Governance Review – The board was due to undertake an external board effectiveness review during 2020/2021, in line with good corporate governance practice which advocates that this is done every three years.

The service was out to tender for an external provider to undertake a two-part review – an initial stage to look at the board sub-committees and make recommendations for a new structure, and a later stage to undertake a full board evaluation on the effectiveness of the board and its sub-committees, once the new arrangements had time to bed in.