Regulatory Alerts2024-10-02
Added · Updated
Capital Market Corporate Governance Code 2024
The Capital Market Authority of Rwanda has issued the 2024 Corporate Governance Code to establish binding minimum standards for listed companies and public securities issuers. The framework mandates boards to ensure ethical leadership, clear division of responsibilities, and at least one-third independent directors while integrating environmental, social, and governance (ESG) factors into long-term strategy. Companies must adopt an "apply and explain" approach, disclosing compliance or non-compliance in annual reports alongside clear remediation timelines.
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