INVITATION FOR NOMINATIONS TO SERVE ON THE BOARD OF DIRECTORS OF MORUO DEVELOPMENTS LTD
The following Directors will be retiring by rotation from the Board of Directors of Moruo Developments Ltd at the 2025 Annual General Meeting (AGM):
- Director Sebehela Selepe
- Director Naleli Maphathe
- Director Mpaiphele Maqutu
Two of the Directors have made themselves available for re-election.
Moruo Developments Ltd is therefore inviting nominations to fill three (3) vacancies for Independent Non-Executive Directors to serve on its Board of Directors.
Diversity and a strong understanding of renewable energy are key considerations in these appointments.
QUALIFICATIONS AND ATTRIBUTES REQUIRED
Nominees must possess:
- A tertiary qualification with a minimum of a degree in Electrical Engineering from a recognised institution.
- A minimum of ten (10) years’ experience.
- Strong business acumen and entrepreneurial qualities.
DESIRED CHARACTERISTICS AND TRAITS
Nominees should further possess the following:
- No conflict of interest
- A good appreciation of corporate governance
- Integrity and respectability
- No political exposure
- Strong leadership qualities
- A sound understanding of the socio-economic environment of Lesotho
Additionally, the nominee must:
- Have a working knowledge of company financial management.
- Not be excluded from serving as a Director under Act No. 18 of 2011 (Companies Act, 2011).
NOMINATION PROCEDURE
- Nominations must be made by a shareholder and seconded by another shareholder.
- Submissions can be:
- Delivered to the Management Office at Pioneer Mall, or
- E-mailed to 📧 [email protected]
- Deadline: 31st October 2025
The next Annual General Meeting (AGM) will be held on Friday, 5th December 2025 at 14:00.
REQUIRED NOMINATION DOCUMENTS
Each nomination must include the following:
- The nominee’s name, telephone number, and profile/resumé.
- The proposer’s name, linked unit certificate number, and telephone number.
- The seconder’s name, linked unit certificate number, and telephone number.
- A written and signed notice from the nominee confirming willingness to be elected.
- A copy of ID/Passport for both the nominee and proposer.
- A Police Clearance for the nominee.
VOTING INFORMATION
All nominations and retiring Directors available for re-election will be voted on the basis of one vote per linked unit.
The voting period will be communicated publicly in due course.
The results of the vote will be announced at the AGM and will be presented for ratification.