Ooredoo Maldives has opened the opportunity to apply for the post of Director to represent the general shareholders on the Board of Directors of the Company.

According to the announcement by Ooredoo Maldives applicants for the position of Director on the Board of Ooredoo Maldives representing the general shareholders must meet the following requirements:

  • must be a shareholder of Ooredoo Maldives or be nominated by a legal entity shareholder of Ooredoo Maldives (nominations by a legal entity shareholder should be supported by a board resolution of such shareholder)
  • possess the qualifications and competencies specified in the Companies Act 1996 (Act No.:  10/96) (the “Companies Act”) and regulations made thereunder and the Corporate Governance Code (the “CG Code”) issued by the Capital Market Development Authority of the Maldives, including the criteria set out therein 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 of serving 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 such company
  • currently not serving as a Board Director of more than 2 (two) companies listed on the Maldives Stock Exchange
  • must not have served on the board of a competitor of Ooredoo Maldives’ or a regulator, unless a minimum period of 12 (twelve) months has elapsed from the date of leaving the aforementioned role or position with the competitor or from the regulator
  • must not be a current employee of Ooredoo Maldives or a competitor or a regulator;
  • must not have been an employee of Ooredoo Maldives or a competitor or a regulator within the past 12 (twelve) months
  • in the judgement of the NRC, be well qualified to carry out his/her duties as a Board Director which shall include but not be limited to:-

– integrity in personal and professional dealings

– wisdom and ability to take appropriate decisions

– ability to read and understand financial statements and reports

– an acknowledged record of business acumen and achievement to effectively contribute to the Company’s management

– ability to deal with others with a sense of responsibility, firmness and cooperation

– ability to interact with and consult with the Company’s employees to achieve high management standards

– a track record of a range of skills and experience as well as the ability to think strategically and with foresight.

Moreover, according to the announcement Ooredoo Maldives accepts and encourages applications from women in order to promote gender diversity on the Board of Directors. All applicants must submit a properly filled application form together with the supporting documents. And application form can be downloaded from https://www.ooredoo.mv/investors/ 

Furthermore, application form can be submitted to Ooredoo Maldives Plc Head office in a sealed envelope labelled “Application for Board Director ” or can be emailed  to [email protected] before 1400hrs on January 19, 2022.

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