|
The Presidents/ Chief Executives
All Banks/DFIs
Dear Sir/Madam,
AMENDMENTS IN CORPORATE GOVERNANCE REGULATORY FRAMEWORK
-
Please refer to BPRD Circular No. 5 of 2021 dated November 22, 2021 on Corporate Governance Regulatory Framework (CGRF).
2. It has been decided to revise the Regulation G-14 (2)(v) of CGRF prescribing parameters to determine category of banks/DFIs and maximum limits of Remuneration of Directors for attending a Board/ Committee Meeting, as below:
Category |
Parameters to Determine Category |
Maximum Limits of Remuneration for a Board/ Committee Meeting (per meeting) |
First |
Those banks/DFIs which have:
Above Rs. 1 trillion Assets Size
OR
Above Rs. 5 billion after tax profit
(As per last audited annual accounts) |
Up to Rs. 1,200,000 |
Second |
All other banks/DFIs which do not fall in the first category |
Up to Rs. 750,000 |
3. All other instructions on the subject shall remain unchanged.
|