CPS 510
Governance
Board composition + governance framework standards.
In plain English
This guidance outlines standards for board composition and governance frameworks.
APRA’s CPS 510 applies to all regulated entities. It sets expectations for board skills, experience, and diversity. It requires a documented governance framework. This framework must address risk oversight and accountability. The guidance was last revised on the APRA website.
Why it matters
Strong governance helps your business manage risks effectively. It builds trust with stakeholders. It supports sustainable operations and protects your business’s reputation.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Issuing regulator
APRA →Topics
Source: https://www.apra.gov.au. Rules Mate indexes + summarises; always verify against the regulator's live publication.