Regulatory Alerts2004-06-09
Added
Circular-PI-MA-3-2004 – Compensation BOT
The Registrar establishes maximum remuneration structures for Board of Trustees and Executive Committee members of Open Funds, setting caps at N$ 2,000 per session for Chairmen, N$ 1,800 for Deputy-Chairmen, and N$ 1,500 for other Trustee Members. Executive Committee members are subject to maximum honorariums of N$ 1,000 per session for the chairperson and N$ 750 per session for other members. Funds currently paying higher amounts must adjust their remuneration accordingly and submit implementation details to the Registrar. These structures become effective on August 1, 2004.
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