Regulatory Alerts2017-01-01
Instructions No. 4 of 2017 on Rules and Best Practices for Corporate Governance of Specialized Lending Institutions
The Palestine Monetary Authority issued this guide to establish mandatory corporate governance rules and best practices for specialized lending institutions in Palestine. It requires boards to assume full responsibility for strategic oversight, risk management, internal controls, and compliance, while mandating specific qualifications, independence, and committee structures for board members. Institutions must conduct annual self-assessments, disclose governance compliance, and adhere to strict conflict-of-interest, risk appetite, and social responsibility frameworks to ensure stability and sustainable development.
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