CSE forms five bodies to monitor demutualised activities

The port city bourse-Chittagong Stock Exchange (CSE)--has formed five bodies to oversee the execution and implementation of the policies of the demutualised exchange, officials said.    
The initiative has been taken as part of demutualisation after activities which will come into effect in line with the Demutualisation Act.
The committees formed by the CSE are: nomination and remuneration committee, regulatory affairs committee, audit and risk management committee, appeal committee and conflict mitigation committee.
Each of the CSE committee led by an independent director has been comprised of five members and the bodies, other than the regulatory affairs committee, has included a shareholder director.
According to CSE decision, regulatory affairs committee will be led by Moinul Islam Mahmud, whereas audit and risk management committee by Showkat Hossain,   appeal committee by Prof. Mohammad Ayub Islam, conflict mitigation committee by Nasir Uddin Ahmed Chowdhury and nomination and remuneration committee by Md Shafiul Islam Mohiuddin.