BRPD Circular Letter No. 43: Conducting Meeting in Hybrid Mode

Bangladesh Bank Chief Executive Office Motijheel, Dhaka-1000 Bangladesh Ref No.: BRPD-Circular-43 Banking Regulation and Policy Department BRPD Circular Letter No.-43 Date: Managing Director / Chief Executive Officer All Scheduled Banks operating in Bangladesh.

Dear Sir, Re: Conducting Meetings in Hybrid Mode.

Reference is made to the previously issued BRPD Circular Letters No. 09, 26, 34, and 12 dated March 23, 2020, May 17, 2020, June 30, 2020, and April 26, 2023, respectively. Through the aforementioned circular letters, necessary instructions were provided regarding the holding of various meetings, including those of the Bank's Board of Directors, Executive Committee, Audit Committee, and Risk Management Committee, via video conferencing and in a hybrid mode (where some members attend in person while the remaining members join via video conferencing), to prevent the spread of the coronavirus, reduce subsequent banking expenses, and ensure efficient use of electricity and fuel.

2. In light of the significant reduction in the prevalence of the coronavirus in the country and the improvement in the nation's electricity and fuel situation, the aforementioned circular letters are hereby cancelled with the aim of maintaining the regular operations of banks properly.

3. However, foreign directors of bank companies that are not 100% domestically owned may participate in the meetings of the Bank's Board of Directors and subsidiary committees by joining online.

4. These instructions are issued under the authority granted by Section 45 of the Companies Act, 1991, and shall take immediate effect.

Yours faithfully, (Md. Harun-or-Rashid) Director (BRPD) Phone: 9530095 03 Ashwin 1431 18 September 2024