Notice to Shareholders on Board of Directors Nomination and Election Criteria
Nib International BankTwo-page Amharic notice from the Company Secretary of Nib International Bank S.C. announcing that twelve directors will be elected for a three-year term at the 27th ordinary general assembly on Hidar 19, 2019 E.C. (28 November 2026) at the Inter Luxury Hotel, Kazanchis, and setting out, under National Bank of Ethiopia directives SBB/91/2024 and SBB/89/2024 and the bank's board nomination and election policy and directive, the criteria candidates must meet. Twenty-one criteria apply to candidates nominated and elected by all shareholders, among them at least two years as a shareholder before the election, good character, willingness and time to serve, not being an employee of another bank, at least a first degree, at least seven years' experience in banking, finance, risk management, accounting, management, economics, law, business administration, audit, engineering, IT or a related field, not being a director of another financial institution or of more than four other companies, and clean records on breach of trust, fraud, bank-loan and tax default and dishonoured cheques. Independent directors must in addition hold at least a second degree with at least ten years' relevant experience, hold no shares directly or indirectly, have had no business dealings with the bank in the previous two years and owe it no financial obligation above ETB 50 million. The notes state that the independent directors are screened by the board before the assembly, while nomination of the other candidates and the election of all directors take place on the day; that a five-member interim committee elected on the day will run the election in three rounds (one third nominated by non-influential shareholders, one third by all shareholders, and one third independent directors nominated by the board and elected by all shareholders); that committee members may not be elected; that self-nomination is allowed; that serving directors who have served three years may be re-nominated; and that at least two women must be elected. Published date is the date of the bank's website post (21 October 2026); the notice carries no printed issue date.
- Institution
- Nib International Bank
- Type
- agm-notice
- Fiscal year
- 2018EC
- Published
- Language
- አማርኛ
- Pages
- 2
- File size
- 1.2 MB
- Source checked