4 shareholders to vie for 2 DSE director posts

Staff Correspondent | Published: 22:30, Mar 14,2017

 
 

Four member-turned shareholders of Dhaka Stock Exchange will contest for two director posts of the bourse in the elections scheduled to be held on March 21.
Candidatures of the four DSE members were finalised on Tuesday as none of the four candidates withdrew their nomination on the day, the last day for nomination withdrawal, DSE officials said.
The contestants are: Sharif Ataur Rahman, Hanif Bhuiya, Khwaja Asif Ahmed and Md Mizanur Rahman Khan.
A total of 245 TRAC-holders (member-brokers) of the bourse will elect two directors for three years on March 21.
Newly appointed directors will take over their charges in the bourse’s annual general meeting scheduled to be held on March 23.
The tenure of the two directors, Mohammad Shahjahan and Khwaja Ghulam Rasul, of the 12-member board of DSE, will expire this month.
Shahjahan and Khwaja, who were elected in the first board of the demutualised DSE in 2014, will complete their full term.

The first demutualised board of the bourse was constituted comprising of 12 directors— four shareholder directors, seven independent directors and the managing director.
As per the demutualisation act, one third of DSE’s elected shareholder-directors require to go to retirement in each year.
In 2015, the first year after the formation of DSE board, Md Shakil Rizvi voluntarily retired but he was re-elected to the board uncontested.
Sharif Anowar Hossain, another DSE director, was replaced by Md Rakibur Rahman who was elected in 2016.
Meanwhile, DSE in February re-appointed five out of seven independent directors for another term after the expiry of their three-year tenure. Two new independent directors were also appointed. 

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