1. The need for a Board of Directors for each Licensee and for board Charter thereof,
  2. The need to separate the Board of Directors from the Chief Executive Officer of the Licensee,
  3. The need to establish Committees from the Board including Audit, Risk management, Human Resource, Finance,
  4. Obtain Authority approval before change of shareholding, and
  5. Submit to ERA an annual report with information on legal status, any changes thereof, directorship, URSB annual returns, financial and operating results and compliance with tax requirements.