STO Has Opened Up Applications for its Board of Directors

On the 8th of March 2022, State Trading Organization (STO) officially opened applications for board directorship for those who want to represent ordinary shareholders for the term 2022 to 2023.

The announcement was made in line with company regulations that state that there should be at least one director to represent ordinary shareholders, on the board, alongside the 6 government-appointed directors.

With the announcement, came the 18 minimum requirements one must fulfill in order to even apply for the position. So anyone who does meet the pre-requisites will not be able to contest in the election.

The company is encouraging those who wish to apply come from business management backgrounds.

Furthermore, following the directive of the Capital Market Development Authority's (CMDA) Corporate Governance Code, STO is urging more women to apply for the post.