The Board of Directors' report and annual audit report of 2002-2003 will be presented at the AGM followed by the first meeting of the new board.

In the board meeting, 12 elected directors including the newly elected four will choose one president, one senior vice-president and one vice-president for one-year term.

The election in top three DSE positions is usually held on the basis of consensus but if the board members fail to do it, there will be direct voting.

Earlier, Md Shakil Rizvi, AS Shahudul Huque Bulbul, Md Shahjahan and Md Shahiq Khan were elected directors on February 26 to fill up four posts.

They will replace the four retiring directors -- Md Abdullah Bokhari, Sharif Ataur Rahman, Anwar Hossain and Habib Abul Mustak.

The DSE board has 12 elected and as many nominated directors. According the DSE constitution, four elected directors retire every year and four others replace them.

DSE President Ahmed Iqbal Hasan and Senior Vice-president Abdul Haque may seek reelection as they have another year of directorship.

However, there will be new face in vice-president's post as incumbent VP Md Abdullah Bokhari is retiring on completion of three-year term.

The 195 members of DSE are eligible to run up for directorship of 12 posts. The nominated 12 directors include President of FBCCI, president of Supreme Court Bar Association, secretary of Ministry of Information, president of Association of Publicly Listed Cos, chairman of Bangladesh Insurance Association, president of Institute of Chartered Accountants of Bangladesh, president of Institute of Cost and Management Accountants of Bangladesh, and university teachers.