Regulatory Alerts2022-05-26
Explanatory Notes to the Corporate Governance Disclosure Directive
The Bank of Ghana issued these explanatory notes to clarify material revisions in its May 2022 Corporate Governance Disclosure Directive for banks, savings and loans companies, finance houses, and financial holding companies. The updated directive mandates enhanced transparency by refining disclosure requirements for board composition, governance structures, remuneration policies, committee suitability, and external auditor roles. These changes establish the directive as the definitive framework for corporate governance disclosures, ensuring regulatory compliance and strengthening stakeholder accountability across all regulated financial institutions.
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