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Tuesday, 26 February 2008

All candidatures withdrawn

Staff Correspondent

The DSE directorships polls scheduled for March 9 will not be held as all candidates have withdrawn their candidature, said officials.

'No election will be held on the scheduled date as there is no candidate to contest for the four directorship posts after the withdrawal,' said Salahuddin Ahmed Khan, chief executive officer of the Dhaka Stock Exchange.

On Sunday, the last date for candidature withdrawal, three candidates — MA Mumin, chairman of Surma Securities Holding Co, Dastagir Md Adil, managing director of Adil Securities, and Mohammad Lutfar Rahman (Badal), managing director of Latif Securities — withdrew their candidature, said DSE officials.

Salahuddin said the candidates did not show any reason for their candidature withdrawal. Earlier on February 20, six candidates out of nine pulled out themselves from the polls race.

They are Md Feroz Khan, managing director of Eminent Securities, Md Rafiqul Islam, managing director of Parkway Securities, Mujibur Rahman, managing director of Prudential Securities, Azizur Rahman, managing director of Globe Securities, Khondker Asadul Islam, chief executive officer of IDLC Securities, and Anwar Hossain, managing director of Anwar Securities.

Salahuddin said, 'We will seek opinions from the legal advisers on holding of the annual general meeting of the bourse scheduled for March 13 in this extraordinary situation.'

'The DSE jury board will also give opinions on the election of the four posts.' There are 12 elected and 12 nominated directors on the board of directors of the DSE.

According to the DSE constitution, four elected directors retire every year and four others replace them through direct voting. The new directors are elected for a three-year term.

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