4 of a family can be bank directors

The cabinet today approved a draft law, which allows four members of a family to be directors of a bank.
The existing law permits two members of a family for the director posts.

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The cabinet today approved the draft law at the weekly cabinet meeting at the Secretariat in Dhaka with Prime Minister Sheikh Hasina in the chair.

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The directors can serve the post nine years in three phases with a three years break after each term, Cabinet Secretary Shafiul Alam told reporters after the meeting.