Yet another may withdraw candidature | The Daily Star
12:00 AM, February 24, 2008 / LAST MODIFIED: 12:00 AM, February 24, 2008

Dse Directorship

Yet another may withdraw candidature

At least another candidate is likely to withdraw his candidature today from the election race for the post of director of the Dhaka Stock Exchange (DSE).
“I may withdraw the nomination paper tomorrow [today] morning,” he said preferring to be unnamed.
Today is the last day for withdrawing candidature. The election is scheduled for March 9.
With the latest development, the number of the candidates withdrawing from the DSE directorship will be 7.
Earlier on Wednesday, six candidates out of nine departed the polls race. They are Anwar Hossain, managing director of Anwar Securities, Mujibur Rahman, managing director of Prudential Securities, Khondker Asadul Islam, chief executive office of IDLC Securities, Azizur Rahman, managing director of Globe Securities, Feroz Khan, managing director of Eminent Securities, and Rafiqul Islam, managing director of Parkway Securities.
The three other candidates are: MA Mumin, chairman of Surma Securities Holding Company, Lutfur Rahman Badal, managing director of Latif Securities, and Dastagir Md Adil, managing director of Adil Securities.
There are 12 elected and 12 nominated directors in the board of directors of DSE. According to the DSE constitution, four elected directors retire every year and four others replace them through direct voting.
The 12 elected directors include the new four, one president, one senior vice-president and one vice-president for the next one year.
The withdrawal of candidature has already raised a question whether the election will be held, as there is already a dearth of candidates for the four posts.
The DSE management is already started consulting lawyers about the issue as the bourse constitution lacks any guideline to face such a vacuum.
One of the candidates, who tries his chance for being a director unopposed, is learnt to have put his influence to grab the top post of the premier bourse.

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