(15)The efficiency and soundness of a SIPS also depends on the clarity and appropriateness of its governance arrangements, which must be clearly documented. The governance arrangements of a SIPS should ensure that the Board has the benefit of advice from an objective and independent risk committee in relation to its risk-related responsibilities. Furthermore, in order to ensure the integrity of the members of the Board and the Management, and where applicable the Branch Management, a SIPS operator should consider any record of the members in respect of convictions or penalties for breaches of the applicable commercial law, insolvency law, financial services law, anti-money laundering law and counter-terrorist financing law and breaches of professional duty as well as for fraud.