The Central Bank recently published updated guidance on the Corporate Governance Code for Credit Institutions and Insurance Undertakings (the “Code”).

On 20 June 2012, the Central Bank of Ireland (the “Central Bank”) issued updated guidance on the Corporate Governance Code for Credit Institutions and Insurance Undertakings – Frequently Asked Questions (the “Guidance”).  The Guidance has been updated to reflect questions raised in relation to the Code and provides further clarification on (i) Board Majority (Q.15 - J), (ii) Role of the Board (Q.34) and (iii) Annual Compliance Statement (Q.53).

The full text of the Guidance is available here.