According to Alalam.ir Website : The Bank agreed on a new and detailed instructions to banks operating in Egypt on the rules of corporate governance in the context of efforts to complete the second phase of the reform process initiated by the bank since 2008br /> The draft amendment of the law's central bank and the banking system, money which was approved by the Central Bank of Egypt review texts that govern the formation of the bank's board so as to reduce the number of members of the Council from fifteen to nine members are the governor and his two deputies, the President of the General Authority for Financial Control and the representative of the Ministry of Finance, in addition to four members with expertiseAnd prevent the project to be members of the Board of Directors of the Central Bank of any person have a special interest inconsistent with the requirements of the position of impartiality and independence and maintain the secrecy so as to ensure the highest level of integrity and impartiality in the membership of the Board of Directors of the Central BankOn the other hand the Board of Directors of the Central Bank of the adoption of new regulations relating to the development of the internal rules of public banks in Egypt, and those rules include definitions of the modern sense, which includes maintaining a balance between the interests of various parties the bank, including shareholders, depositors and employees and managementIt also includes rules that need to be taken into account when the Board of Directors and in particular into account the diversity of experiences, and that the majority of the members of the Council of non-executives even met the Council's oversight of the executive management, as well as the identification of tasks and responsibilities that rests with the Chairman of the Board non-executive to confirm the seriousness of his work and not to be an honorary presidency ...
Original Text At Alalam.ir
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