Short-Term Insurance Act, 1998 (Act No. 53 of 1998)

Board Notices

Notice on Governance and Risk Management Framework for Insurers, 2014

Part 3 : Composition, Governance and Structure of the Board of Directors

Board of directors

Committees of the board

9. Remuneration committee
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A remuneration committee must perform the following functions:

(a)develop an appropriate remuneration policy referred to in section 13; and
(b)monitor the implementation of an insurer's remuneration policy and regularly review the suitability of that policy.