MOSL revamps its governance
MOSL members last week voted for six special resolutions to modernise the market operator’s governance at its Annual General Meeting. The resolutions were:
to remove the five-year industry restriction for the board chair.
amending the term of the elected directors from two to three years (including to extend the term of those current in office).
amending the board quorum and removing the option for alternate directors.
amending the Nomination Committee composition.
the discretion to appoint a Senior Independent Director.
measures to introduce modernised voting.
Members also approved MOSL’s annual report and financial statements for 2019-20.