New Director’s Remuneration Policy Unveiled: What You Need to Know

The Cabinet has approved the Director’s Remuneration Policy for 2024. According to a statement from the Office of the Prime Minister, this new policy stems 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 business dynamics and the overall business environment, emphasizing increased accountability and responsibility for the board of directors. The new policy is effective immediately.