Regulatory Alerts2020-01-01
Board of Directors Decision No. (50) of 2020
The Financial Regulatory Authority (FRA) issued Decision No. (50) of 2020 mandating that all Egyptian unions of companies and entities operating in non-banking financial activities must include at least one female member on their boards of directors. The decision requires these unions to amend their statutes to comply with this quota by December 31, 2020, or at their next board election, whichever comes first. This regulation takes effect the day after its publication in the Egyptian Gazette and on the FRA website, reinforcing gender diversity requirements across the sector's governing bodies.
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