Regulatory Alerts2022-01-01
Bank of Uganda Consolidated Corporate Governance Guidelines
The Bank of Uganda issued these consolidated guidelines to establish uniform corporate governance standards for all supervised financial institutions in the country. The document mandates specific board structures, including a minimum of five directors with at least four independent non-executive members, an independent resident chairperson, and a strict separation between the board chair and chief executive. It enforces proportional compliance through an applicability grid, requires robust risk management and control functions with limited dual role consolidation, and mandates transparent disclosure, succession planning, and regular board evaluations to ensure institutional safety and soundness.
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