Regulatory Alerts2020-11-12
Added · Updated
BRPD Circular Letter No. 55: Prohibiting presence of non-member at bank's Board Meetings
The document reiterates the prohibition on the presence of non-members, including bank employees and shareholders, at Board of Directors and Board-assisting Committee meetings unless specifically invited. It mandates that the Chief Executive Officers of banks present this directive at the next Board meeting for the Board's information to ensure compliance. This instruction is issued under the powers granted by Section 45 of the Companies Act, 1991.
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