Demutualisation: New LSE directors elected

LAHORE: An Extraordinary General Meeting of Lahore Stock Exchange Limited was held on Wednesday, September 26, to elect four directors for the Exchange under the Stock Exchanges (Corporatization, Demutualization and Integration) Act, 2012. Those elected will serve for a period of three years and replace the ‘first directors’ nominated by the exchange according to the Act. Six candidates had submitted their nomination papers for the four seats of member directors on the LSE board. Out of them, Ammar ul Haq, Asif Baig Mirza, Mirza Ejaz Ullah Baig and Omar Khalil Malik – have been declared unopposed member directors of the bourse for a three-year term.  This was the first election of member directors after the demutualisation of the exchange.

Published in The Express Tribune, September 27^th, 2012.