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Senior management arrangements, Systems and ControlsChapter 2
Senior management
arrangementsSYSC 2 : Senior management
arrangements2.1Section 2.1 : Apportionment of
ResponsibilitiesApportionment of
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Senior management arrangements systems refer to the framework and processes put in place by an organization to outline the roles, responsibilities, and reporting lines of senior management personnel.
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Certain financial institutions and organizations in regulated industries are required to file senior management arrangements systems, as mandated by regulatory authorities.
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The purpose of senior management arrangements systems is to ensure transparency, accountability, and effective governance within an organization's senior management team.
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Senior management arrangements systems typically include information such as organizational structure, key responsibilities of senior management members, reporting lines, and escalation procedures.
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