Notice concerning the remuneration received by members of the boards of public joint-stock companies
The Securities and Commodities Authority (SCA) wishes to clarify the following:
Federal Law No. 2 of 2015 Concerning Commercial Companies is what determines the method of calculating the remuneration received by board members, not the regulations issued by the SCA. The Commercial Companies Law (CCL) capped maximum remuneration for board members at 10 percent of the net profit after deducting reserves and depreciation.