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State Trading Organization (STO) has opened applications for the post of director who will represent general shareholders on its board of directors.
According to STO, one member will be elected to the board from among the general shareholders of the STO. The director will be selected for a period of one year. On behalf of the government, the STO board has six members.
Among the general shareholders, only Maldivians who are aged above 30 who hold a share in the company can apply to the board of directors. The STO requests shareholders with adequate knowledge and experience in the field of business and governance to apply for the post.
Moreover, the company requested as many women as possible to show interest in board membership and contest in the elections.
Shareholders interested in applying for board members will have to submit their applications before April 8, 2024.
Candidates who meet the eligibility criteria will be interviewed by the company’s nomination and remuneration committee under the STO’s ‘Board Candidacy Guidelines’. The names will then be submitted to the Annual General Meeting and a member will be elected through a vote among shareholders.
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