2019-01-29

A circular dated January 29, 2019 amending the periodicity of Board of Directors meetings and the number of times of participation via telephone or video call.

In a letter dated January 29, 2019, the Governor of the Central Bank of Egypt, Tarek Amer, addresses the Chairman of the Board of a bank, referring to the banking governance instructions issued in August 2011 and September 2018. The Central Bank of Egypt's Board of Directors has decided to amend two items from the September 2018 instructions to enhance the efficiency and performance of banks in the Egyptian banking sector and reduce their burdens. The amendments include changes to the frequency of meetings and attendance requirements for board members.

Egypt

Central Bank of Egypt

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