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News & Events of PBSL

24-May-2015
IPO Application Form (A4)

20-Feb-2014
Notice for change Margin Loan Ratio

28-Nov-2013
Notice for Fund Withdrawal in Margin Account

03-Nov-2013
Notice for Affected Investors

19-Jun-2013
Notice for maintaining minimum purchase power in Margin Account

Daily Business News All Daily Business News
28 Jan 2014
DSE to pick candidates for independent directors

The Dhaka Stock Exchange will shortlist 14 individuals this week as candidates for the seven independent directors of the demutualised bourse, with the final selection due next month, an official said yesterday. From the list of 14 primarily selected individuals, Bangladesh Securities and Exchange Commission will permit seven to be independent directors of the premier bourse. After regulatory approval, the independent directors will be inducted into the bourse at its annual general meeting scheduled for February 13, the official added.

DSE has invited around 50 people, including university teachers, former and incumbent chief executives of institutions, former governors, former BSEC chairmen and leaders of chambers and associations to be independent directors of the bourse. After the AGM, a 13-member new board will take charge as per a demutualisation scheme, which was approved by BSEC on September 26 last year. The 13-member board will consist of seven independent directors, five from DSE shareholders and the bourse's chief executive officer, who would have voting rights. The tenure for each director and the chief executive officer will be three years.

Demutualisation is a way of separating management of the bourses from ownership. It transforms a stock exchange into a profit oriented company owned by shareholders and ensures alternative business models and operational efficiency. A law on demutualisation was passed in parliament on April 29 last year with a promise to bring transparency to the stockmarket.
Bangladesh's stock exchanges were non-profit cooperative organisations owned by the exchange members, who are usually stockbrokers.

Source :: The Daily Star