Parliament approves to shorten appointment duration of company BoDs

Parliament passed to reduce the duration within which vacant Board of Directors positions must be filled.

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[File] Parliament of Maldives during a previous session -- Photo: Parliament

Ameera Osmanagic

2024-09-17 15:32:30

Parliament today passed the amendment proposing to shorten the duration within which Board of Directors (BoDs) must be appointed to companies after a position becomes vacant.

The bill was passed unanimously with 85 votes, during an extraordinary sitting of the parliament held today.

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