State Trading Organisation (STO) has announce that the application for Board Directorship, and urged more women to apply.

In an announcement, STO stated that Shareholders interested in serving on the Board are invited to submit applications before 10 a.m. on April 24, 2023, also encouraged all interested members, especially female members, to apply for this important position.

In the announcement it is stated that directors should be experienced in business and management and that the company is seeking more female directors in accordance with the Corporate Governance Code of the Capital Market Development Authority (CMDA).

The application is opened for the seat representing public investors. Applicants has to be over 30 years old. Applicants should have also obtained an undergraduate degree and five years of experience or have achieved a diploma-level education and 10 years of experience.

STO said a committee will be conducting interviews and committee report will be submitted to the board of directors. Finally investors at the GM will be making the final decision via a voting.

The STO board of directors involve one member from public investors and additional six members from the government.