Regulatory Alerts2002-10-02
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Duties and Responsibilities of Directors
The Bank of Zambia mandates all commercial banks and financial institutions to submit an annual calendar of board meetings by January 31 and approved meeting minutes within 14 days of each session. This directive establishes a mandatory reporting framework designed to enhance regulatory oversight of institutional governance and board effectiveness. Compliance with these submission deadlines is required immediately to ensure continuous monitoring of corporate governance practices across the financial sector.
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