Notice of Board of Directors Nomination and Election Criteria for the 5th Ordinary General Meeting
Tsehay BankThree-page Amharic notice from the Company Secretary of Tsehay Bank S.C. announcing that the Board of Directors for the next three years will be elected at the 5th ordinary general meeting on Hidar 5, 2019 E.C. (14 November 2026) from 2:30 local time in the Lalibela hall of the Sheraton Addis, under National Bank of Ethiopia directive SBB/91/2024 and the board nomination and election guideline approved at the 4th ordinary general meeting, and listing thirteen criteria shareholder-nominated candidates must meet. They include at least two years as a shareholder before the election; willingness to serve and good character; not being a director of another financial institution or an employee of another bank; time to serve and not sitting on the boards of more than four other organisations; no conflict of interest with the bank; at least a first degree in banking, finance, accounting, management, economics, law, business administration, audit, engineering, IT, investment management, sustainability or a related field with at least seven years' experience in business, banking or finance; and clean records on dishonoured cheques, fraud, breach of trust, corporate misconduct, bank-loan and tax default and disclosure to regulators. The notes state that the board has 12 seats under the memorandum of association, one third nominated by non-influential shareholders only, one third by all shareholders and one third independent directors recruited by the board and elected by all shareholders; that nominations other than for independent directors and the election itself take place on the day of the meeting; that a shareholder may nominate himself or herself; that during nomination the committee accepts twice as many candidates as there are seats in each category; that committee members, directors and staff may not serve on the committee or stand, and directors and staff may not vote as proxies; that at least two women must be elected; and that up to two bank employees other than the company secretary may be elected to the board. The notice carries no printed issue date; the published date is the date the file was created and first uploaded to the bank's website (14 October 2026). The bank uploaded the same file twice: the byte-identical copy at https://tsehaybank.com.et/wp-content/uploads/2026/10/AGM_criteria.pdf (uploaded 16 October 2026) is not indexed separately.
- Institution
- Tsehay Bank
- Type
- agm-notice
- Fiscal year
- 2018EC
- Published
- Language
- አማርኛ
- Pages
- 3
- File size
- 110 KB
- Source checked