Siddiqur says while taking DSE chairman’s office
Chairman of the first demutualised board of the Dhaka Stock Exchange, former justice Siddiqur Rahman Miah, on Monday said that implementing the objectives of the demutualisation and ensuring transparency and accountability in the bourse’s operation would be the key challenges for him and the new board. ‘I have already talked to the officials of different departments of the DSE to understand functioning and structure of the bourse as these are new to me. Understanding bourse’s operation is another challenge to me,’ Siddiqur made the remark while talking to reporters on Monday, the first day in his office.
‘We will strictly monitor the market to check manipulative share transactions to protect the investors’ interest,’ the DSE new chairman said.
The 12-member new demutualised board of the DSE on Friday elected former justice Siddiqur as chairman of the bourse for the next three years. Earlier he was selected as one of the seven independent directors of the bourse’s board.
The BSEC on February 13 selected the seven independent directors from the list of 14 proposed by the DSE for the first demutualised board of the bourse.
The DSE on the day in its annual general meeting approved the seven independent directors, the four shareholder-directors elected by the bourse on February 12 and the DSE chief executive officer-turned-managing director as directors of its first demutualisation board.
As per the demutualised scheme, there should be a 13- member board. But, a strategic investor is yet to be selected for the directorship.
-With New Age input
