FRA orders Egypt’s NBFS associations to include at least one woman

The Financial Regulatory Authority approved a new rule committing all non-banking financial services associations to include at least one woman on their board of directors, according to anofficial statement. The FRA passed two similar decisions last year obliging listed companies and non-banking financial services firms to include one woman on their boards. A study by the International Finance Corporation found recently that only 25% of the 2k Egyptian businesses surveyed had women on their boards