Telecom provider Ooredoo Maldives has announced a board member seat to represent general shareholders, has been opened for re-election, according to the company.
Under the Article of Association of Ooredoo Maldives, a board member representing the general shareholders must be elected after the assessment of total shares bought.
The electing candidate must fall into a specified criteria of the company which includes a minimum of 50 shares under the individuals name or representing a company which has purchased a minimum of 50 shares from Ooredoo, while the individual must possess skills, background and knowledge in the Company Act, regulations and articles made under the act as well as thorough with Corporate Governance Code under Capital Market Development Authority.
In addition to this, the candidate must possess traits fit for an independent director.
Other specifications for a successful candidate also includes fitting into the "Fit and Proper Guidelines" of CMDA, an accredited certification from an internationally recognized university or institute - Degree level and above - 10 years experience of an executive field designation at a private or public sector company in either Maldives or international market and the board director designation of at least one registered company in Maldives for a period of one years minimum, with a letter of recognition or recommendation.
The candidate vying for the board of director designation should not already be filling director designations of two companies or maximum that are listed in the Maldivian Stock Exchange.
According to Ooredoo Maldives, those who submit their names will be assessed through the Nomination and Remuneration Committee, followed by the shortlisting of successful candidates. The shortlisted candidates will be revealed during the company's next annual general meeting.
The individual who gets elected as the board member to represent the general shareholders of Ooredoo Maldives, will be in designation from the day of appointment until the annual general meeting of 2019.
The application for name submission is currently available from Ooredoo Head Office counter from 08:30hrs til 16:30hrs on working days, while it is available through the company's website to download. The deadline for form submitting is September 10.
