2020-11-22

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

In a letter dated November 23, 2020, the Central Bank of Egypt decided to extend the exceptions to the governance instructions for banks, allowing them to continue holding board meetings via video or phone conferences without requiring physical presence, and waiving the condition of having a majority of board members present, until the end of December 2021. This decision was made to support banks during the challenging times of the COVID-19 pandemic.

Egypt

Central Bank of Egypt

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