73. Corporate Governance

(1) A Reporting Entity shall have a Corporate Governance framework which is adequate to promote prudent and sound management of the Reporting Entity in the long-term interest of the Reporting Entity and its Shareholders.
(2) For the purposes of the requirement in subsection (1), the Regulator may by Rules prescribe —
(a) Corporate Governance principles and standards that apply to a Reporting Entity, including any requirements applicable to its board of Directors and individual members, Controllers, employees or any other person as appropriate;
(b) requirements relating to fair treatment of Shareholders; and
(c) provisions to address conflicts of interests.
(3) The Regulator may, by Rules, prescribe any circumstances in which such requirements do not apply to certain Reporting Entities.