Regulatory Alerts2019-03-18
Added · Updated
Securities Industry (Corporate Governance) Rules, 2019
The Securities Industry (Corporate Governance) Rules, 2019 apply to public companies listed in The Bahamas, state-owned enterprises, and private companies seeking capital market funding or listing. The Rules mandate that the majority of board directors be non-executive, with at least one independent director, and require specific composition standards to ensure oversight independence. Companies must establish formal orientation and training programs for directors, implement whistle-blowing policies, and conduct annual enterprise-wide risk assessments. Additionally, the Rules require the appointment of external auditors, the maintenance of internal audit units, and the publication of remuneration policies and performance evaluations in annual reports.
More like this from SCB
SCB published 17 documents in the last 30 days. We email you each new one the day it's published.