The Chairman of the Board of Directors of the Islamabad Stock Exchange (ISE) is going to be elected in the meeting of January 25, 2008 from amongst non-member Directors nominated by the Securities and Exchange Commission of Pakistan (SECP).
The Board of Directors consists of ten members. Five Directors are elected each year from amongst the members/brokers community. Four Directors are nominated by SECP for the corresponding term with the elected Directors. Whereas the Managing Director is a permanent Director on the Board by virtue of his office. The Chairman of the Board is elected in the first meeting by the entire Board Members except for Managing Director who plays a neutral role during the course of such election.The composition of the Board for the term 2008 is:-
| Member/Broker Directors | Non-Member Directors |
| Mr. Rafaquat Ali Ch. |
Mr.
Aftab |
| Sheikh Muhammad Shabbir |
|
| Sheikh Riaz Ahmad | Mr.
Rafiud |
| Syed Nooh Adnan |
Mr.
Tariq |
| Mr. Zahid Latif Khan |
Mr.
Zouhair |
In view of above, any one from amongst Mr. Aslam Khaliq, Mr. Rafiud Deen Ahmad, Mr. Tariq Khamisani and Mr. Zouhair A. Khaliq may be elected as a Chairman of the Exchange for 2008.
