KATHMANDU, March 2: The Ministry of Finance (MoF) has extended the deadline for submitting applications for the post of Chief Executive Officer (CEO) of Nepal Stock Exchange Limited (NEPSE) by a week. The MoF had invited applications from interested candidates for the post of CEO to be filled through open competition.
The MoF had initially mentioned that applications should be submitted between February 24 and March 2. However, citing government holidays during this period, the MoF extended the application deadline by a week. Now, interested candidates can apply until March 9. The candidate must meet the qualifications as per the Stock Exchange Operation Regulations, 2064 (2008).
A person with at least a master's degree in economics, commerce, finance, management information technology, or law, a chartered accountant or equivalent degree, and at least fifteen years of work experience, including at least seven years of experience working at a senior managerial level in the capital market or financial sector or management-related work will be eligible to apply for the post of NEPSE CEO. Similarly, the candidate must be at least 30 years and not more than 65 years of age.
NEPSE opens CEO applications with seven-day deadline
A recommendation committee has been formed under the coordination of Joint Secretary of the Ministry of Finance, Sebantak Pokharel, with Joint Secretary Amrit Lamsal and Dr Khom Raj Kharel as members.
The recommendation committee can give up to 40 marks for the candidate's professional action plan, 12 marks for educational qualifications, 18 marks for the presentation of the professional action plan and 30 marks for the interview. The candidate's total score is 100.
The recommendation committee will select five candidates in the first phase for the presentation of their business plan. According to the score obtained by the candidates from the presentation, the committee will shortlist three names and then recommend one of them to the ministry for appointment.
Although there is a provision that the board of directors of a public company can appoint the CEO itself, the MoF is going to appoint it because the government holds 56 percent of NEPSE’s share.
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