Banks must reveal executive salaries, owners and assets
Banks will have to disclose executive pay, major shareholders and encumbered assets under new transparency rules issued by the Bank of Namibia. The rules, contained in Determination BID-18, were issued in a Government Gazette last week by Bank of Namibia governor Ebson Uanguta. The bank says the new requirements are intended to improve transparency and […] The post Banks must reveal executive salaries, owners and assets appeared first on The Namibian .
Banks will have to disclose executive pay, major shareholders and encumbered assets under new transparency rules issued by the Bank of Namibia.
The rules, contained in Determination BID-18, were issued in a Government Gazette last week by Bank of Namibia governor Ebson Uanguta.
The bank says the new requirements are intended to improve transparency and encourage greater discipline in the banking sector.
The determination requires banking institutions to disclose information that is “accurate, reliable, relevant, and timely”.
EXECUTIVE PAY UNDER SCRUTINY
