Regulatory Alerts2023-03-12
Added · Updated
Amendment to Corporate Governance Instructions for Licensed Microfinance Companies
The Central Bank of Jordan amends the Corporate Governance Instructions for Licensed Microfinance Companies (No. 2020/10) to permit board and committee meetings to be held via electronic means or a hybrid of in-person and electronic attendance. The amendments modify Articles 5 and 9 to allow electronic participation provided that meeting minutes are signed by the chair or their deputy and the secretary to validate the proceedings. Article 12 is adjusted by deleting a clause and renumbering subsequent items. These changes take effect immediately upon the date of the circular.
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