The Central Bank of Egypt’s (CBE) decision to obligate banks to represent women on boards of directors, with at least two members, was highly praised by women leaders working in banks, as well as by the National Council for Women.
Governor of CBE Tarek Amer confirmed that the decision to grant women two seats on bank boards comes within the framework of implementing President Abdel Fattah Al-Sisi’s directives on the necessity of empowering women and their participation in leadership positions and decision-making positions.
Amer said in a statement to the Middle East News Agency that the decision obligates banks to grant women at least two seats on all bank boards of directors, within the framework of the Egyptian state’s directions to enhance the status of women and emphasize their effective participation in decision-making.
