Regulatory Alerts2019-01-29
Added · Updated
Circular dated January 29, 2019 amending the periodicity of Board of Directors meetings and the number of times of participation via telephone or video call
The Central Bank of Egypt amends the instructions issued on September 20, 2018, to require Board of Directors meetings to occur at least eight times per year. The amendment allows members to participate via video or telephone up to two times annually, provided the majority of board members are present in person and the board chair approves.
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