DSE elects four shareholder-directorsStaff Correspondent
The Dhaka Stock Exchange on Wednesday got four new elected shareholding directors of the bourse to run the first demutualised board of the bourse.
The newly elected directors are: Shakil Rizvi of Shakil Rizvi Stock, Mohammad Shahjahan of Jahan Securities, Khwaja Ghulam Rasul of Khwaja Equity Services and Sharif Anowar Hossain of Md Sahidullah Securities.
The DSE election commissioner, former district and session judge Shamsul Haque, announced the result after casting 217 votes out of 242 shareholding members of the bourse.
As per the declared results, Shakil got 184 votes, Shahjahan 152 votes, Khwaja Ghulam Rasul 147 votes and
Sharif Anowar Hossain bagged 140 votes respectively.
Other two candidates against the four directors posts of the bourse were Ahmed Rashid Lali of Rashid Investment Services and Lailun Nahar Ekram of ASENZ Securities.
The elected 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 annual general meeting of the bourse will be held today. But, the board meeting after the AGM will not held to elect chairman and vice-chairman of the bourse, DSE and BSEC sources said.
As per the Demutualisation Act 2013 enacted on April 29, the DSE has to form its first board within 90 days of its demutualisation.
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.
Demutualisation is a process which separates the bourse’s management from its ownership.
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