Board of Directors Nomination and Election Procedure and Implementation Directive
ZamZam BankZamZam Bank S.C.'s Amharic procedure and implementation directive for the nomination and election of members of the board of directors, published to shareholders for approval by the general assembly. Its cover is dated Tahsas 2017 E.C. (December 2024), Addis Ababa. In six parts it sets out the bank's vision, mission and values; general provisions (short title, definitions, scope, purpose, governing laws); the powers and responsibilities of the ordinary general assembly of shareholders, the board, the board nomination and interim election committee, the board nomination and remuneration committee, the sharia advisory council and the chief executive officer; the establishment and membership criteria of the interim nomination committee; the composition, number, term of service and eligibility criteria for board members (knowledge, experience and competence, separately for non-independent and independent directors; integrity; financial soundness; freedom from conflict of interest; and commitment of time); and the nomination and election process, including voting, the voting ballot, grounds for invalidating a ballot, the electronic voting system and the declaration of results. Article 28 repeals the board nomination and election procedure approved at the bank's 2nd ordinary general assembly of shareholders, and Article 29 provides that the directive takes effect from the date the general assembly approves it. The document carries no printed date of approval; the publisher's upload date on zamzambank.com (24 December 2024) is used as the publication date. The publisher's file name marks it a draft ("Amharic-Draft"); the document itself is not marked as a draft.
- Institution
- ZamZam Bank
- Type
- regulatory-filing
- Fiscal year
- 2017EC
- Published
- Language
- አማርኛ
- Pages
- 22
- File size
- 784 KB
- Source checked