19
Jan
A limit on the number of boards an individual can serve has now been passed by the Bank of Namibia, and the age limit for independent Directors and Chairpersons is 70, an announcement was made today. The bank today announced it has issued a revamped Determination on the Appointment, Duties, and Responsibilities of Directors, Principal Officers, and Executive Officers of Banking Institutions and Controlling Companies to improve the corporate governance of banking institutions. The central Bank’s Director for Strategic Communications and International Relations Kazembire Zemburuka said it’s the first time the bank has set limits on the number of years…