ANNOUNCEMENT FOR THE SELECTION OF AN INDEPENDENT MEMBER OF THE BOARD OF DIRECTORS OF “GOLOMT BANK” JSC
The selection of an independent member of the Board of Directors of Golomt Bank is announced as per the provisions of Article 62.1.7 of the Company Law of Mongolia and the “Regulation on Nominating, Appointing and Dismissing Independent Members of the Board of Directors of the Bank” approved by the appendix to the Order No. A/86 of the President of the Bank of Mongolia of 2021.
Requirements for Independent Director:
1.Have a higher education in banking, finance, economics, and may specialize in law, information technology, or corporate governance. Have at least 10 years of professional experience, including at least five years as an authorized official in a banking and financial institution;
2. Not a related party and does not have any business relationship with the bank;
3. Not have any overdue debts under loan, guarantee, or surety agreements;
4. Have not been convicted of crimes against the economy, property rights, public safety and interests, corruption, national or human security, or peace;
5. The ethical and business reputation does not conflict with the management of the bank;
6. If candidate is an authorized official of an organization engaged in professional activities in the financial market, must not have a conflict of interest and must not negatively influence the decision-making activities of the bank;
7. If candidate was an authorized official at the time the license of a bank or non-bank financial institution was revoked due to a violation, three years must have passed since;
8. Not be a significant shareholder of a bank or a participant in a banking merger;
9. Must not have served as an authorized official other than an Independent member of the Board of Directors in the last five years or as any other employee in the last three years in a bank or participant in the banking merger;
10. Have not received or do not receive bonuses based on the bank's performance indicators.
11. There are no circumstances that would impede the supervision of the bank's operations and executive management;
12. Not hold any public, political or official position other than public service;
13. If a legal entity was bankrupt or deemed insolvent during in which the candidate was an authorized official, it must be proven that the bankruptcy or insolvency was not caused in any way by that person;
14. Not own, personally or jointly with an affiliated person, more than five percent of a company's common stock;
15. Neither the candidate nor any of his/her affiliated persons holds any position or employment in the company or any other participant in the company in which the company is a participant, or has not held any position or employment in the last 3 years;
16.Previous experience as a member of the Board of Directors in a company with international investment will be an advantage.
Application materials:
1. A) Board Independent member Identification statement; and B) Board Independent member Candidate statement approved per Appendix 1 and Appendix 2 of the Order No. A/86 of the President of the Bank of Mongolia of 2021;
2. Short CV (mention work experience, profession, qualifications);
3. Job reference;
4. Reference from the previous employer (obtain a reference from the organization providing employment confirming the requirements no.1);
5. Notarized copies of educational diplomas, certificates, other training and seminar certificates;
6. Copy of National ID Card;
7. Reference from the General Department of Court Enforcement;
8. Court reference (obtain from the Specialized Court Archive).
Deadline and email address for receiving selection materials:
Applications will be accepted by email to solongo_z@golomtbank.com until 12:00 PM February 19, 2025.
Notices:
1. Scan the materials legibly and attach them to the email in PDF format.
2. The materials will not be returned after the selection process.
3. If the deadline is missed or the materials are incomplete, it will not be possible to participate in the selection process.
4. Only candidates who meet the selection requirements will be contacted by the selection committee.
5. If necessary, additional clarifications can be obtained and materials can be prepared in accordance with the law.
