Lowering Physical Attendance of Bank Directors

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BSP CIRCULAR NO. 371: Lowering Physical Attendance of Bank Directors

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Title Supreme Court: Lowering Physical Attendance of Bank Directors

Law: Bsp Circular No. 371

Decision Date: Feb 18, 2003

BSP Circular No. 371 authorizes banks, quasi-banks, and trust entities to conduct board meetings via modern technologies, reducing the physical attendance requirement for directors to 25% while mandating at least 50% participation in total meetings annually.

board meetings

physical attendance

banking law

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