Ooredoo Maldives has released the criteria for candidates seeking election as the Director representing general shareholders at the company’s upcoming Annual General Meeting in 2026. According to the announcement, the application window will open before the end of November 2025.
The newly published criteria set out the qualifications, experience, and governance standards required for applicants. Candidates must hold at least 50 shares in Ooredoo Maldives, or be nominated by a legal entity shareholder with the same minimum holding. Applicants are also required to have been shareholders for at least three months prior to the application deadline.
The eligibility guidelines focus heavily on governance competence. Applicants must meet the requirements outlined in the Companies Act 2023, the Corporate Governance Code, and the Fit and Proper Guidelines issued by the Capital Market Development Authority. They must also hold an internationally recognised degree and bring at least ten years of senior-level experience from either the public or private sector.
Board experience is another key requirement, with candidates expected to have served on the board of at least one active company and demonstrate a record of contribution. Additional limitations apply, including restrictions on serving on more than two companies listed on the Maldives Stock Exchange, as well as cooling-off periods for those previously employed by competitors or regulators.
The company also noted that potential conflicts of interest will be scrutinised. Immediate family members of applicants must not be employed by Ooredoo Maldives or a competitor, and candidates must be able to exercise independent judgement. Integrity, sound decision-making, financial literacy, and the ability to engage constructively with management and staff are among the qualities to be assessed by the Nomination and Remuneration Committee.
Once applications close, the committee will evaluate submissions and recommend eligible candidates to the Board. Details of shortlisted applicants will be shared with shareholders along with the AGM notice in 2026. The Director elected at that AGM will serve until the closure of the AGM in 2028.
Ooredoo Maldives stated that these measures reflect its commitment to strengthening corporate governance and ensuring a transparent election process for shareholder-appointed board members.
