Karachi, Shaheen Insurance Company Limited has announced an Extraordinary General Meeting (EOGM) scheduled to be held on June 15, 2023, in Karachi. The primary agenda of the meeting is to conduct important business, including the election of seven directors for the company, as fixed by the Board in its meeting held on May 03, 2023.
According to the provisions of Section 159(1) of the Companies Act, 2017, the election of directors plays a crucial role in shaping the future direction and governance of Shaheen Insurance Company Limited. The board has identified seven positions for directors, and the elected individuals will serve a three-year term commencing from June 11, 2023.
The EOGM provides an opportunity for shareholders to actively participate in the decision-making process of the company and exercise their voting rights to elect the most suitable candidates for directorship. It ensures that the board represents a diverse range of expertise and experience to effectively oversee the company's operations and strategy.