Consultation Paper on the draft proposal for ... - Eiopa - Europa

4.81. The assessment of the relevance of the intra-group transactions cannot
be based on a be lower threshold than the threshold confirmed by the
group supervisor and used on the quantitative reported templates.
4.82. Examples of possible conflicts of interest that may have arisen in
negotiating and executing an intra-group transaction or that may arise in
the future can be the deterioration of the financial position of one of the
parties involved in the transaction or the shareholders’ interests or those
of policyholders.
4.83. If relevant for obtaining a complete understanding of a transaction,
undertakings may consider appropriate to include specific contracts and
other agreements within the RSR for adequacy of information.
Title II: System of governance
Guideline 33 Governance structure
Within the information on the governance structure, undertakings
should provide an organisational chart of the undertaking, including
positions of key function holders.
4.84. The organisational chart helps identifying clearly the positions of key
function holders within the organisational structure of the undertaking.
Guideline 34 Governance structure
Within the information on the governance structure, undertakings
should explain how the undertaking’s remuneration policies and
practices are consistent with and promote sound and effective risk
management and do not encourage excessive risk taking. The
information should focus on the linkage between remuneration and
performance.
40/51
© EIOPA 2011