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← Corporate Governance and Ethics

Ethiopian governance requirements

Module 03 / 5 · 70 min

Apply the main Ethiopian rules: SBB/91/2024 and SBB/89/2024 for banks, the related party limits of SBB/88/2024, directors' duties under the Commercial Code, and listed company rules under the Capital Market Proclamation.

In this module you will learn to

  • Map which Ethiopian laws and directives apply to banks, insurers, MFIs, share companies and listed companies
  • Apply SBB/91/2024 term limits and composition rules to a real board
  • Identify who needs NBE approval as a person with significant influence under SBB/89/2024
  • Calculate related party limits and approval routes under SBB/88/2024
  • Explain directors' duties of care and loyalty and the basic rules for listed companies

Built on

  • Erudite Africa training module: Ethiopian Context, topic 4.a Corporate Governance and Ethics, Level 1 Beginner (October 2026)
  • NBE directives as listed in the lessons: SBB/87/2024, SBB/88/2024, SBB/89/2024 and SBB/91/2024
  • Commercial Code of Ethiopia; Capital Market Proclamation No. 1248/2021; Banking Business Proclamation No. 1360/2025; NBE Proclamation No. 1359/2025
  • ECMA Directive No. 980/2024 on capital market service providers
  • A commercial bank's Revised Credit Procedure Manual (August 2025), unnamed
  • G20/OECD Principles of Corporate Governance and the Basel Committee's corporate governance principles for banks

Examples and organizations are fictional. Apply your own organization's approved policies.