Regulatory Alerts2025-11-30
A circular dated November 30, 2025 amending the governance and internal control instructions for banks regarding Board of Directors meetings.
The Central Bank of Egypt has approved amendments to the regulations concerning board meetings in banks. Board meetings should occur at least six times a year, with a minimum of four physical attendances. Members can participate via video or phone in exceptional cases, provided the board chairman and secretary are informed, and a majority of members are physically present. Banks are instructed to fully comply with these amendments.
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governance