Boards of banks in Egypt can meet a little less frequently now if they want, CBE says

REGULATION WATCH- Bank boards can meet a little less frequently now, central bank says: The CBE issued new regulations that mandate that the board of directors at banks must now meet regularly at least eight times a year, down from a previous requirement that they meet once a month, according to a new regulation by the central bank (pdf). Board members can attend meetings virtually through video conference or by phone a maximum two times per year for each member, down from four.