Page 10 - Annual Report 2024 EN

/ 10 T ABLE OF C ONTENT S

Governance

The QFCRA operates under a governance framework Governance Structure

designed to ensure transparency, integrity, independence,

accountability and fairness. It is committed to demonstrating
COUNCIL OF MINISTERS
the best practices and leadership in this area. The

Governance Resolution of the Board of the QFCRA sets

out the policy of the Board on various governance matters,

reflecting the intention that the business of the QFCRA is QFC Authority QFC Regulatory QFC Civil and QFC Regulatory
conducted in accordance with its regulatory objectives, Tribunal Commercial Court Authority

applicable laws and principles of sound governance.

Role of the Board
Board Board

The role of the Board is to lead the QFCRA in line with the QFC

Law and its amendments and other applicable legislation.

The Board sets the strategic direction for the QFCRA;
Executive team Executive team
oversees the executive management’s discharge of the

day-to-day business of the QFCRA; sets policies to manage

risks to the QFCRA’s operations and the achievement of its
regulatory objectives; and seeks regular assurance that the

system of internal controls is effective in managing risks.

Policy, Legal and Strategy and Supervision and Corporate
Enforcement Division Risk Division Authorisation Division Services Division