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DEVELOPMENT BANK OF SOUTHERN AFRICA: DIRECTORSHIP REGULATIONS OUT FOR COMMENT
- 25 October 2024
- National Treasury
- SA Legal Academy
National Treasury has called for input by 24 November 2024 on proposed amendments to regulations under the Development Bank of Southern Africa Act, 1997. Focusing on the appointment and removal of directors, among other things the amendments envisaged:
- impose certain requirements regarding conflicts of interest
- seek to ensure that fees are paid only for attending board meetings
- stipulate that, with certain exceptions, a director may not hold any other office in the bank, and
- prescribe conditions of employment for the bank’s CEO.
Please click the link below for more information:
- draft amendments
Published by SA Legal Academy Policy Watch
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