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.