RegAlertRule · SAMA · 4 Feb 2024
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.
Annex Report on Total Rewards for the Board of Directors and its Committees. The name of the council/com mittee member Membershi p type (Board/Com mittee Member "--" Executive, NonExecutive, Independent ) A specifi c amoun t (The total value in thousa nds of riyals) Attenda nce allowan ce The total value (in thousan ds of riyals) In-kind benefi ts The total value in thousa nds of riyals. A percent age of the profits Specify it with the total value in thousan ds of riyals The grante d shares Specify it with the total value in thousa nds of riyals The reward of the chair man of the counci l or the memb er. The delega te, or the secret ary if he/she is a memb er (the total value in thousa nds of riyals). Other or Anoth er (The total value in thousa nds of riyals) The total in thousa nds of riyals The total in thousands of riyals.
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
- Reporting template 32
- background, boilerplate
Similar documents from other regulators
FSCOrdinance No. 48 of 20.03.2013 on Requirements for RemunerationBulgaria · 2013-03-20
NAMFISACircular-PI-MA-3-2004 – Compensation BOTNamibia · 2004-06-09
CBSLGuidelines on Remuneration Policies and Disclosure RequirementsSri Lanka · 2024-10-23
FINMAFINMA Circular 2010/1 Remuneration Schemes Minimum Standards for Financial InstitutionsSwitzerland · 2016-09-22
SECPSRO 131(I)/2021 Amendments to the Associations with Charitable and Not for Profit Objects Regulations, 2018Pakistan · 2021-02-03
BOIBoard of Directors and Remuneration Policy at a Banking CorporationIsrael · 2022-04-10
More like this from SAMA
We email you every new SAMA publication the day it's published.
Source: Saudi Central Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
In RegAlert: added · updated