PSE accepting nominations for 2013 board
MANILA, Philippines – The Philippine Stock Exchange (PSE) is now accepting nominations for the election of its board of directors in May.
Based on the 2013 PSE Nomination and Election Committee rules approved by the securities regulator on March 18, the 15-man PSE board with a term of one year will be composed of:
- At least 7 non-broker directors: one president-director, 3 independent directors, and the rest -- directors representing issuers, investors and other market participants
- At most 7 broker directors, one of whom must be Category B broker with value turnover and paid-up capital of P4.4 billion and below. Category A broker has value turnover and paid-up capital of over P4.4 billion.
The PSE will accept nominations only until 12 pm, April 5. The board election will take place during the exchange's annual stockholders' meeting in Mandaluyong City on May 18. - with a report from Ramon Calzado/Rappler.com