State Trading Organization (STO) has on Tuesday opened the opportunity to apply for their Board of Directors.
STO announced that the requirements will be detailed on the Board Candidacy Guidelines which will be made available through their official website.
The guidelines in question indicate the profile and qualifications required for a director in accordance with the articles of association of the company.
We have just opened invitation to apply for STO's Board Directorship. More info at the link:https://t.co/wklMu7XdOo
— STO Plc (@sto_mkt) March 5, 2019
While Directors are appointed for a one-year term, they may not have a term longer than six consecutive years.
Deadline for application submission expires on March 27, 4pm.
Shortlisted candidates will be forwarded to the Directors Board, which will decide candidates for the position at the Annual General Meeting.
STO stated that details of the elected candidates will be shared as per the company policies.
In mid February, the Privatization and Corporatization Board removed Ismail Yasir from the company's Board of Directors.
