STO opens nominations for a position on the board

Photo: Sun Online

State Trading Organization Plc (STO) opens nominations for a Director position on company’s board. The director will be representing public shareholders on the company’s board from 2018-2019.

Nominations are open until 1600hrs on 26th March 2018. In the company’s announcement, STO stated the requirements that must be met, and those who meet the requirements must submit the directorship application form along with the criminal record form provided on the company’s website.

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The information provided on the application will be reviewed by the Nomination and Remuneration Committee and the applicant shall be interviewed if deemed necessary.

A report will be prepared by the Committee and submitted to the board, after which, the information shall be shared with the public.

The Company’s board consists of 6 Directors who are state-elected and 1 Director who will be representing the public shareholders.


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