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Principle 2 — Division of responsibilities

Past version: effective from 21/10/2015 - 20/10/2015
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Rule 9.2.4

"The Board must ensure that there is a clear division between the Board's responsibility for setting the strategic aims and overseeing the Reporting Entity and the Senior Management's responsibility for managing the Reporting Entity's business in accordance with the strategic aims and risk parameters set by the Board."