2021-11-18

Directive 4230/2021-00027 on the Characteristics of an Independent Director in Financial Institutions

The National Bank of Romania issued Directive 4230/2021-00027 to establish the specific characteristics and requirements for independent directors within financial institutions. The regulation defines the criteria for independence, including objective tests and exclusion grounds, to ensure the integrity and effectiveness of supervisory board members. It mandates that financial institutions implement procedures to verify and maintain the independence status of their directors throughout their tenure.

Rwanda

National Bank of Rwanda

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