Stavrinakis, Spyros G.; Harm, Christian; Llewellyn, David T. - 2007
corporate governance principles is mandatory for all banks incorporated in Cyprus and their overseas branches and for some … Cyprus branches of foreign banks domiciled outside the European Economic Area. Banks are obliged to have a robust internal … accountability should be set and enforced. New members of the board of directors as well as the senior executive managers of banks …