The resolution if passed will come into effect from next year only, as the current board's term comes to an end on September 28 at the annual general meeting.
The DSE board which has eight elected directors at present has a one-year term for them, but a section of the exchange feels that this is much less compared with the tenure at the other bourses.
We feel that one year is too short a time for a board to push certain decisions and hence the need is felt for extending the tenure of the board to two years, said a senior DSE member.
The other resolution slated to be passed at the EGM is the granting of voting rights to corporate members.
This too if passed will come into effect from next year.
