Regulatory Alerts2024-02-04
Remuneration for Members of Boards of Directors and Committees
The financial regulator requires institutions to disclose comprehensive remuneration packages for board and committee members. The annex details compensation components, including fixed allowances, attendance fees, in-kind benefits, profit-sharing percentages, granted shares, and role-specific rewards. All monetary values must be quantified in thousands of riyals and categorized by membership type to ensure transparent executive pay reporting.
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