DSE Polls
8 member-shareholders submit nomination papers
Eight member-turned-shareholders of the Dhaka Stock Exchange have submitted their nomination papers to the election commission of the bourse to vie for four director posts.
DSE officials said the polls would be held on February 12.
The successful candidates with nine other directors — seven independent directors, chief executive officer of the bourse and a strategic investor — would form the first demutualised board of the bourse.
The candidates who have submitted their nomination papers are Ahmed Rashid Lali of Rashid Investment Services, Kazi Firoz Rashid of Kazi Firoz Rashid Securities, Khwaja Ghulam Rasul of Khwaja Equity Services, Lailun Nahar Ekram of ASENZ Securities, Mohammad Shahjahan of Jahan Securities, Mohammad Shamim Afzal of Desa Securities, Shakil Rizvi of Shakil Rizvi Stock and Sharif Anowar Hossain of Md Sahidullah Securities.
The three-member election commission headed by former district and session judge Shamsul Haque on January 8 announced the election schedule.
According to the election schedule, Wednesday was the deadline to file nomination paper to the commission.
The candidates will be allowed to withdraw their nomination papers in January 26-30.
As per a DSE’s board decision, the annual general meeting of the bourse will be held on February 13.
As per the Demutualisation Act 2013 enacted on April 29, the DSE have to form its first board within 90 days of its demutualisation.
The DSE became a demutualised stock exchange on November 21, 2013 after getting amended memorandum and articles of association certified by the Registrar of Joint Stock Companies and Firms on the day.
As per the demutualisation scheme approved by the Bangladesh Securities and Exchange Commission, a 13-member board headed by an independent director will be formed in place of the existing 25-member board.
Of the 250 shareholders of the DSE, 242 are eligible voters as per the voters’ list published by the bourse’s election commission.
Four shareholders of the bourse became disqualified for voting for different reasons and four others remained untraced for long.
Demutualisation is a process which separates the bourse’s management from its ownership.
-With New Age input
