Zitouna Bank: separation of functions of Board Chairman and Chief Executive Officer | Tunisia News Gazette

Zitouna Bank: separation of functions of Board Chairman and Chief Executive Officer

The Extraordinary General Meeting of Zitouna Bank has decided to change the Bank’s governance mode, by dissociating the functions of Chairman of the Board of Directors and Chief Executive Officer, the Bank announced in a statement published Friday on the site of the Tunis Stock Exchange.

This decision falls within the scope of the provisions of Act No. 2016/48 of July 11, 2016 on banks and financial institutions, in particular Articles 46 and 194.

The decision was taken on January 12, current date of the bank’s EGM.

Source: TAP news Agency

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