Effective from Nov 26 2020 - Nov 25 2020 To view other versions open the versions tab on the right
1.
The Bank shall have a board of directors composed of the following:
a)
The Governor, Chairman.
b)
Two Vice Governors, members.
c)
Five non-government employees, members.
1 bis-
If the Governor is unable to chair a Board meeting, he shall assign one of the Vice Governors to chair the meeting.
2.
Nomination of Board members referred to in paragraph 1(c) of this Article shall be made jointly by the Governor and the Minister of Finance; their appointment shall be pursuant to a royal order, and their membership shall be for a renewable term of seven years. If a member’s term expires without his membership being renewed or a replacement being appointed, he shall continue to serve as a Board member.
3.
The remuneration and benefits of Board members shall be determined pursuant to a royal order upon the recommendation of the Minister of Finance in coordination with the Governor.
