New Director’s Remuneration Policy Unveiled for 2024

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 results from 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 changes in the business landscape, emphasizing greater accountability and responsibility for boards of directors. The policy is effective immediately.