Regulatory Alerts1996-03-25
Added · Updated
Directive No. SBB/13/1996 Naming of Officers
It prohibits designating a bank's General Manager, Chief Executive, or Principal Officer as a Managing Director unless that individual is also a member of the bank's Board of Directors. This requirement applies to banks regulated by the National Bank of Ethiopia. The directives enter into force on April 8, 1996.
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