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 emerged from a review of the 2009 Remuneration and Benefits Policy that applies to 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 board members. This new policy is now in effect.