Notice to Shareholders on Board of Directors Nomination and Election Criteria
Ahadu BankAmharic notice from the Company Secretary of Ahadu Bank S.C. announcing that the Board of Directors that will lead the bank for the next three years will be elected at the 5th ordinary general assembly on Tikimt 28, 2019 E.C. (7 November 2026) at the Addis International Convention Center, and setting out, under National Bank of Ethiopia directives SBB/91/2024 and SBB/89/2024 and Article 12.1 of the bank's board nomination and election directive No. 2/2018, twelve criteria candidates must meet. They include at least a first degree in banking, accounting, audit, finance, business management, economics, law, information technology, digital banking or a related field with at least seven years' experience; at least two years as a shareholder and not being an employee of another bank; willingness and time to serve; not being a director of another financial institution or of more than four other companies; clean records on regulatory, trust and fraud matters; no conflict of interest with the bank; no written-off bank loan in the previous two years; and no dishonoured cheques. The notes state that the memorandum of association provides for 12 directors; one third are independent directors recruited by the board and elected by all shareholders and, as the bank has no influential shareholders, the remaining directors are also elected by all shareholders; nominations other than for independent directors take place on the day of the assembly; at least two women must be elected; a five-member election committee will be elected on the day and its members may not stand; a shareholder may nominate himself or herself; and directors and staff may not vote on behalf of shareholders. The bank published this notice only as a JPEG image; the PDF here was converted from the publisher's image losslessly (the original JPEG stream is embedded unaltered, without cropping or re-compression), and the source image URL is cited below. The notice carries no printed issue date; the published date is the date the image was uploaded to the bank's website (19 October 2026). The directive it applies is indexed separately as ahadu-board-election-directive-2018.
- Institution
- Ahadu Bank
- Type
- agm-notice
- Fiscal year
- 2018EC
- Published
- Language
- አማርኛ
- Pages
- 1
- File size
- 332 KB
- Source checked