Senior managersSenior managers

Senior managers

17. ‘Senior manager’, in relation to an RSE licensee, means a person (other than a director of the RSE licensee) who:

(a) makes, or participates in making, decisions that affect the whole, or a substantial part, of the RSE licensee’s business operations;

(b) has the capacity to affect significantly the RSE licensee’s business operations or its financial standing[11];

(c) may materially affect the whole, or a substantial part, of the RSE licensee’s business operations or its financial standing through their responsibility for:

(i) enforcing policies and implementing strategies approved by the Board;

(ii) the development and implementation of systems used to identify, assess, manage or monitor risks in relation to the RSE licensee’s business operations; or

(iii) monitoring the appropriateness, adequacy and effectiveness of risk management frameworks; or

(d) is otherwise an executive officer of the RSE licensee.[12]