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Location: Central Bank of Bahrain Volume 3—Insurance > Part A > High Level Standards > HC High-Level Controls > HC-5 Remuneration of Approved Persons > HC-5.2 Remuneration Committee > HC-5.2.1
  • HC-5.2 Remuneration Committee

    • HC-5.2.1

      The Board must establish a remuneration committee of at least three directors which must:

      (a) Review the insurance licensee'sG remunerationG policies for the approved personsG , which must be approved by the shareholders;
      (b) Make recommendations regarding remunerationG policies and amounts for approved personsG to the whole Board, taking account of total remunerationG including salaries, fees, expenses and employee benefits; and
      (c) Recommend Board member remuneration based on their attendance and performance.
      January 2011

    • HC-5.2.2

      The committee may be merged with the nominating committee.

      January 2011

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