Regulatory Alerts2024-12-27 | 123171Regulation on Minimum Requirements for the Corporate Governance Code of Commercial Banks of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic issued this regulation to establish minimum corporate governance standards for all commercial banks, including Islamic banking windows. It mandates the development of a Code of Corporate Governance based on transparency, fairness, and accountability, while defining the specific roles, responsibilities, and composition of the Board of Directors and Shareholders' Meetings. The document further regulates the appointment of external advisors, dividend policies, risk management committees, and the protection of minority shareholder rights to ensure the stability and soundness of the banking sector.
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