5.3 Documentation and Corporate Governance in the ICAAP Process
| No: 581 | Date(g): 22/9/2008 | Date(h): 23/9/1429 | Status: Modified |
Effective from Jan 31 2009 - Jan 30 2009
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The requirement regarding documentation is very significant. This is because in order to be able to evaluate the process it must be verifiable and it is possible for both the banks and SAMA to do a follow-up. Further, the manner in which the process is conducted as well as the decisions to which it leads to must be set forth in business plans, the board's rules of procedure, the minutes, as well as in various strategy and policy documents.