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.