Regulatory Alerts2008-05-13
Guidance Note 7/2008: Development Programme for Bank Directors
The South African Reserve Bank issued Guidance Note 7/2008 to direct banks to supplement internal director training with an accredited external curriculum developed by the Gordon Institute of Business Science. This program addresses critical skill gaps for both new and experienced directors amid a rapidly evolving regulatory landscape and banking activities. Institutions must implement this supplementary training and return signed acknowledgments of receipt to the Registrar of Banks alongside independent auditors.
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