Hanif Bhuiya and Sajedul set to join DSE board as shareholder directors
Although the formal announcement has not yet been made, only two nominations were submitted for the vacant posts
Hanif Bhuiya and Sajedul Islam are set to join the board of the Dhaka Stock Exchange (DSE) as shareholder directors, representing the bourse's primary shareholders for a three-year term.
The newly elected directors will assume their roles on 18 December at the DSE's annual general meeting (AGM) as existing directors will retire from the post.
Although the formal announcement has not yet been made, only two nominations were submitted for the two vacant posts – Hanif Bhuiya, managing director of Rapid Securities, and Sajedul Islam, managing director of Shyamol Equity Management.
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As a result, no voting is required, since no other candidates contested the two seats.
According to the election schedule published by the DSE Election Commission, the voting date had initially been set for 15 December. The DSE also formed a three-member Election Commission to oversee the polls, chaired by Justice Md Abdus Samad, with Mohammad Ibrahim and Dr Md Zahirul Islam serving as members representing the shareholders.
The two directors will succeed Md Shakil Rizvi, managing director of Shakil Rizvi Stock, and Mohammad Shahjahan, managing director of Jahan Securities, whose three-year terms are set to expire in December.
The DSE board consists of 13 members under the demutualisation scheme, consisting of seven independent directors, four shareholder directors, one representative from the strategic investor category, and the managing director of the bourse as an ex-officio member.
