We are pleased to invite applications for the post of Board Director to represent public shareholders of Dhivehi Raajjeyge Gulhun PLC.
In accordance with our Articles of Association, 1 (one) Director who will represent our public shareholders in the capacity of Public Director will be elected to our Board at the upcoming Annual General Meeting (AGM). The election term for the Public Director is 2 years, starting from the meeting of the AGM elected and ending on the second AGM following his/her election.
The criteria for the Public Director position are set out as follows:
• be a current shareholder of the Company;
• hold a degree from a recognized university;
• be able to read and understand financial statement and reports;
• have at least 10 years of experience serving in a senior capacity in the public or private sector;
• have experience serving on the boards of companies and be able to demonstrate past contributions in similar capacities;
• be able to commit time to the Board’s responsibilities;
• currently not serve on the Board of more than two (2) companies listed on the Maldives Stock Exchange;
• be of sound reputation and ethical standards as described in the “Fit and Proper” Guidelines for Directors of Listed Companies (“Fit and Proper Guidelines”) issued by the Capital Market Development Authority of Maldives.
Applicants are advised that they shall:
• not own, during his/her term, more than 0.5% of the Company’s equity capital;
• not maintain a corporate or other professional interests or relations with DHIRAAGU which by its nature affects the Company’s business activity;
• not currently serve, or have served in the past three (3) years, as an executive member of the Board or non-executive Chairperson of the Board; or a manager of DHIRAAGU; or hold a contractual employment relationship with DHIRAAGU; and
• not have a first-degree familial relationship, including offspring, spouse and siblings, with any member of the Board, manager or shareholder with a controlling stake in DHIRAAGU.
Public shareholders, meeting the above requirements, are invited to submit the “Application form for Public Director” along with supporting documents in a sealed envelope addressed to the Company Secretary to DHIRAAGU Head Office (Ameenee Magu, Male’, Maldives) or via email to
[email protected] before 4.00pm on 8th March 2018. If the applicant is being proposed by a shareholding company or association, the Board Resolution of the proposing company/association should be submitted together with the application form.
The Remunerations, Nominations & Governance (RNG) Committee will evaluate the applications and shortlisted candidates may be interviewed. The RNG Committee’s recommended candidates will be announced in the AGM Notice and presented to voting at the upcoming AGM. The candidate who secures the most votes at the AGM will be elected for the position of Public Director. Unless otherwise determined, only general shareholders who are present in person or by proxy at the AGM can vote on a show of hands, where each shareholder and proxy will have one vote each.
Applications forms will be available
here or at DHIRAAGU Head Office (Ameenee Magu, Male’, Maldives) from 22nd February 2018 to 8th March 2018.
Dhiraagu is committed to gender diversity and we strongly encourage qualified female applicants to apply.
Issued by
Company Secretary & Manager Investor Relations
Phone: 3311775/3311121
