Menu
| Top Management | Salary (Millions) | Benefits (Millions) | Bonus (Millions) | Pension (Millions) | Gratuity (Millions) |
|---|---|---|---|---|---|
|
Managing Director
|
865
|
44
|
264
|
130
|
171
|
|
Deputy Managing Director
|
755
|
149
|
241
|
113
|
139
|
| Top Management | Salary (Millions) | Benefits (Millions) | Bonus (Millions) | Pension (Millions) | Gratuity (Millions) |
|---|---|---|---|---|---|
|
Managing Director
|
865
|
44
|
264
|
130
|
171
|
|
Deputy Managing Director
|
755
|
149
|
241
|
113
|
139
|
Terms of service
All non-executive directors are provided with a letter of appointment setting out their remuneration. Directors are appointed by the Ministry of Gender, Labour, and Social Development for a three-year term, renewable once.
Fees
Non-executive directors receive a retainer for their service on the Board and a meeting attendance fee for Board and Board Committee meetings. Fees are paid monthly in arrears. There are no contractual arrangements for compensation for loss of office. Executive director(s) do not receive any retainer or meeting attendance fee. In determining the remuneration of non-executive directors, the Board considers the extent and nature of their responsibilities, and comparative remuneration offered by other major entities of a similar nature.
| Directors’ fees Board Chairman | (Ushs) |
|---|---|
|
Annual retainer |
114,000,000
|
|
Fee per sitting |
2,000,000 |
| Director | (Ushs) |
|---|---|
|
Annual retainer |
90,000,000
|
|
Fee per sitting |
1,528,000 |
| Board committee | (Ushs) |
|---|---|
|
Member (Fee per sitting) |
1,350,000
|
| Directors’ fees Board Chairman | (Ushs) |
|---|---|
|
Annual retainer |
114,000,000
|
|
Fee per sitting |
2,000,000 |
| Director | (Ushs) |
|---|---|
|
Annual retainer |
90,000,000
|
|
Fee per sitting |
1,528,000 |
| Board committee | (Ushs) |
|---|---|
|
Member (Fee per sitting) |
1,350,000
|
| Category of Directors | Board retainer fees & Board sitting allowance | Other benefits | Pension contributions | Total | year |
|---|---|---|---|---|---|
|
Category of Directors |
Board retainer fees & Board sitting allowance
|
Other benefits |
Pension contributions |
Total |
Year |
|
Non - Executive |
890,189,600 |
582,542,166 |
62,914,860 |
1,535,646,626 |
2020 |
|
Non - Executive |
1,087,371,400 |
No additional benefits paid |
38,649,150 |
1,126,020,55 |
2021 |
|
Non - Executive |
1,062,602,200 |
417,113,520 |
47,653,617 |
1,527,369,337 |
2022 |
| Category of Directors | Board retainer fees & Board sitting allowance | Other benefits | Pension contributions | Total | year |
|---|---|---|---|---|---|
|
Category of Directors |
Board retainer fees & Board sitting allowance
|
Other benefits |
Pension contributions |
Total |
Year |
|
Non - Executive |
890,189,600 |
582,542,166 |
62,914,860 |
1,535,646,626 |
2020 |
|
Non - Executive |
1,087,371,400 |
No additional benefits paid |
38,649,150 |
1,126,020,55 |
2021 |
|
Non - Executive |
1,062,602,200 |
417,113,520 |
47,653,617 |
1,527,369,337 |
2022 |