How many days must you report a company change to the board in writing?

The requirement to report a company change to the board in writing within a specific timeframe is an important aspect of maintaining compliance with regulatory standards. In this context, a timeline of 10 days is established for such reporting. This ensures that the board is promptly informed of any significant changes within the company, allowing for timely adjustments to compliance protocols, risk management, and overall governance. By reporting within this timeframe, the responsible parties facilitate transparency and help uphold the integrity of the company's operations.

This 10-day requirement is designed to balance the need for quick communication with the practical ability to compile necessary information and communicate effectively. It provides a structured approach to ensure that the board remains updated on relevant developments impacting the company.