Bayanat for Mapping and Surveying Services- Bayanat -PJSC (Company) Announcing the opening of nominations for membership of the Board of Directors
The Company’s Board of Directors (Board of Directors or Board) has the honor to inform the shareholders of the opening of the nomination for membership of the Company’s Board of Directors, during the period from Friday 5th of August 2022 to Monday 15th of August 2022. He who satisfies nomination conditions can the nominate himself for membership of the Board by virtue of an application submitted to the Company’s management at its headquarters located in Al Nahyan Area, Delma Street 13th, Abu Dhabi, United Arab Emirates, Emirate of Abu Dhabi , Telephone: 026519134, email [email protected] , provided that the application is accompanied by the applicant CV and the capacity on the basis of which he wishes to nominate himself (executive member - non-executive member - independent member).
The number of members required to be elected to the Board of Directors is three (3) members.
The door for nomination for membership of the Board of Directors will remain open for a period of ten (10) days from the date of the announcement, in accordance with Federal Decree-Law No. (32) of 2021 regarding commercial companies.
Anyone who nominates himself for membership of the Board of Directors must meet the conditions set forth in Federal Decree-Law No. (32) of 2021 concerning Commercial Companies, Ministerial Resolution No. (585) of 2018 concerning Private Joint Stock Companies Governance and the Company’s Articles of Association.
The following documents shall be attached to the candidacy application:
CV explaining the practical experience, academic qualification and capacity on which he wishes to nominate himself (executive/non-executive/independent).
Acknowledgment of his commitment to the provisions of the Companies Law, the decisions implementing it, and the company's articles of association, and that he will exercise the duty of care of a reasonable person in the performance of his work. A statement of the names of the companies and institutions in which he works or holds a membership in their boards of directors, as well as any work he undertakes, directly or indirectly, that constitutes competition to the company. In the case of representatives of a legal person, an official letter must be attached from the legal person specifying the names of its representatives nominated for membership in the Board of Directors.
After the nomination period is closed, the candidate may not waive his candidacy to the benefit of another person.
The Company will publish the names of the candidates and their nomination data on the Company's website (www.bayanat.ai) on 15th August 2022.
The Ministry of Economy will be provided with a list of names of candidates after the nomination period is closed.