Ooredoo Maldives has opened invitations to apply for the
post of Director to represent the general shareholders on the Board of
Directors of the Company.
Applicants for the post of the Director representing the
general shareholders on the Board of Ooredoo Maldives should meet the below criteria:
-
- must be a
shareholder of Ooredoo Maldives or be nominated by a legal entity shareholder
of Ooredoo Maldives;
- possess the
qualifications and competencies specified in the Companies Act 1996 (Act
No.: 10/96) and regulations made there-under (the "Companies Act")
and the Corporate Governance Code dated 14th January 2014 (the "CG Code"),
issued by the Capital Market Development Authority of the Maldives, including
the criteria set out there in for an Independent Director;
- meet the "Fit and
Proper" Guidelines for Directors of Listed Companies ("Fit and Proper
Guidelines") issued by the Capital Market Development Authority of the
Maldives;
- be a Degree
holder from an internationally recognized university;
- have at least 10
(ten) years of experience in a senior position within the public or private
sector in the Maldives or internationally;
- have experience
of being a Board director of at least one active company and can show a record
of contribution to the Board of Directors of such company;
- currently not
serving as a director of more than 2 (two) companies listed on the Maldives
Stock Exchange.
The Nomination and Remuneration Committee ("NRC") of the
Company will evaluate the applications and provide recommendations to the Board
of Directors. The Board of Directors will select and communicate the details of
eligible applicants to the shareholders along with the Notice & Agenda of
the AGM.
Shareholders present at the AGM, can vote in person or
through a proxy (each shareholder or proxy is entitled to one vote if voting by
a show of hands or one vote for each share held by that shareholder where
voting is by poll). The applicant with the highest number of votes will be
elected as the Director representing the general shareholders on the Board.
Pursuant to Clause 110(b) of the Articles (as amended and
approved by the shareholders at the Extraordinary General Meeting held on
Monday 16th December 2019), the Director elected by the general
members shall hold office from the AGM at which elected to the commencement of
the third AGM thereafter. Therefore, the Director elected at the AGM held in
March 2020 shall hold office until the commencement of the AGM to be held in
2022.
All applicants are requested to submit a duly completed
application form along with the documents listed therein. The application form
can be obtained from the website https://www.ooredoo.mv/investors/ or
collected from Ooredoo Maldives Plcs Head Office, 5th Floor, H. Sunleet,
Boduthakurufaanu Magu, Male, during business hours (8:30am to 4:30pm) on
weekdays (Sunday to Thursday excluding public holidays).
Applications are to be submitted to Ooredoo Maldives Plcs
Head Office, 5th Floor, H. Sunleet, Boduthakurufaanu Magu,
Male, in a sealed envelope labelled "Application for Director" or sent via an
e-mail to investor.relations@ooredoo.mv before 10:00am
on Monday, 20th January
2020.
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