... means that the board has no executive functions. In other countries, the board has a broader competence in that it lays down the general framework for the management of the bank. Owing to these ... levels of the organisation 13 See also: the Committee’s Report on the range of methodologies for the risk and performance alignment of remuneration, May 2011; the Financial Stability Forum’s ... exposures; 16 For example, the bank’s structure, the nature of the bank’s activities, the quality of the bank’s human resources, organisational changes and employee turnover. 17 For example,...