2020-11-22

Circular dated November 23, 2020 regarding extending the period of exceptions for participation in bank board meetings via video or telephone.

On November 23, 2020, the Central Bank of Egypt announced that based on bank regulatory authorities' instructions issued in August 2011 and amended periodically, board members will not be required to attend meetings in person until end of this year. The Central Bank's Board of Directors meeting held on November 8, 2020 also decided to extend the exceptions regarding attendance for the following reasons: - Exemption from mandatory physical presence at board meetings through December 2021. - No minimum requirement for physical attendance by board members. The aforementioned measures will remain in effect as long as the current bank regulatory authorities' instructions are in place.

Egypt

Central Bank of Egypt

Show thumbnailShow full textSourceAdd to collection

Show thumbnail