STO Invites Shareholders to Apply for Board Directorship

State Trading Organization (STO) has initiated the application process for individuals interested in serving as a director representing ordinary shareholders on its board. With only one position available for ordinary shareholders, applicants must be local residents aged 30 or above and possess shares in STO. The company emphasizes the importance of relevant education and experience in business and management for prospective candidates. Particularly, STO encourages female shareholders to participate actively in the board election process. Shareholders keen on applying for the board directorship must submit their applications by April 8, either via email to the STO secretariat or through the online portal. Following the application period, eligible candidates will undergo interviews conducted by the company's nomination and remuneration committee in accordance with STO's 'Board Candidacy Guidelines.' The selected shareholders will then be presented at the Annual General Meeting (AGM) for final approval.