REGULATION WATCH- FRA rules you can’t be both CEO and chairman of an EGX-listed company: The Financial Regulatory Authority (FRA) has issued a decision requiring EGX-listed companies to separate the positions of CEO and chairman in a bid to improve governance, according to a statement. Companies are required to comply with the new rules within one year from their publication (20 April) or their first board elections.

Who’s affected by the change? As it currently stands, there are 115 listed companies that have already separated the two positions, meaning 125 companies still need to comply with the new regs.

Tags: