Amendments to Egypt’s Companies Act scrap mailed invite requirements, make managers subject to good-conduct test

LEGISLATION WATCH- You no longer need to invite shareholders by post: Investment Minister Sahar Nasr has amended the executive regulations of the Companies Act, according to a ministry statement (pdf). The amendments affect two articles governing joint-stock and limited liability companies. One change revokes a requirement to invite shareholders to general assembly meetings via physical mail. The other makes company managers subject to the same good-character requirements as board members. The changes are minor tweaks to the more major all-round amendments enacted earlier this year.