Regulatory Alerts2025-12-12 | BPRD Circular Letter No. 24Added · Updated
Amendments in Corporate Governance Regulatory Framework
The document revises Regulation G-14 (2)(v) of the Corporate Governance Regulatory Framework to establish new maximum remuneration limits for Directors attending Board or Committee meetings. Banks or Development Finance Institutions with assets above Rs. 1 trillion or after-tax profit above Rs. 5 billion are classified in the first category, with a maximum limit of Rs. 1,200,000 per meeting. All other banks or Development Finance Institutions fall into the second category, subject to a maximum limit of Rs. 750,000 per meeting.
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