Regulatory Alerts2022-01-01
Decision of the Board of Directors No. (48) of 2022
The Financial Regulatory Authority issued Board Decision No. (48) of 2022 requiring women to hold at least 25% or two seats on the boards of Egyptian associations for companies and entities operating in insurance and non-banking financing. Each association must align its board composition during its next election or by December 31, 2022. The decision takes effect the day after publication in the Egyptian Gazette and repeals any conflicting provisions.
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