New Director’s Remuneration Policy Promises Accountability and Change

The Cabinet has approved the Director’s Remuneration Policy for 2024. A statement from the Office of the Prime Minister indicated that this new policy follows a review of the 2009 Remuneration and Benefits Policy for directors of Government Commercial Companies and Commercial Statutory Authorities. The updated policy takes into account significant shifts in business dynamics and the overall business environment, emphasizing increased accountability and responsibility for boards of directors. The new policy is effective immediately.