Hanif Bhuiyan and Sajedul Islam are set to join the Board of Directors of the Dhaka Stock Exchange (DSE) as representatives of the exchange’s general shareholders for the next three years. They will formally assume office at the DSE’s Annual General Meeting (AGM) scheduled for December 18, when the current directors will step down.

Although the formal announcement is yet to be made, only two nominations were submitted against the two vacant positions. The nominated candidates are Hanif Bhuiyan, Managing Director of Rapid Securities, and Sajedul Islam, Managing Director of Shyamal Equity Management.

Since no other candidates contested these two posts, no voting will be required for the director positions. According to the election schedule published by the DSE Election Commission, voting was initially set for December 15. The three-member election commission was formed with Justice Md. Abdus Samad as Chairman, and Mohammad Ibrahim and Dr. Md. Jahirul Islam as members.

The two new directors will replace 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.

Under the demutualization scheme, the DSE Board consists of a total of 13 members, including seven independent directors, four shareholder directors, one representative from the strategic investor category, and the Managing Director of the DSE as an ex-officio member.If you want, I can also provide: