"governing body"

means—

(a)

in relation to a financial institution, a person or body of persons, whether elected or not, that manages, controls, formulates the policy and strategy of the financial institution, directs its affairs or has the authority to exercise the powers and perform the functions of the financial institution, and includes—

(i)	the general partner of an en commandite partnership or the partners of any other partnership;

(ii)	the members of a close corporation;

(iii)

the trustees of a trust;

(iv)	the board of directors of a company; and

(v)	the board of a pension fund referred to in section 7A of the Pension Funds Act; and

(b)	in relation to an ombud scheme, the body of persons that oversees the affairs of the ombud scheme;