Iran: Rules on Corporate Governance in Banking Ratified

Members of the Majlis Economic Commission continued their review of the much-discussed Banking Reform Bill on  Tuesday during which articles related to corporate governance in banks were ratified, said the spokeswoman of the commission.
Speaking to the Islamic Consultative Assembly News Agency, Zahra Saeidi Mobarakeh said as per Article 86 of the bill, all executive organizations, including state-owned and public institutions, and all persons, legal and natural, recognized by the Central Bank of Iran are obliged to give information required for authorization and ranking the banking system’s clients directly to the CBI and/or to banks or companies introduced by CBI.