Organizational Structure
Organizational Structure
The Ethiopian Securities Exchange is organized as a share company in accordance with the Commercial Code of Ethiopia (2021). ESX implements a corporate organization and governance framework following international best practices.
- Having a Board of directors, where at least 1/3 will be independent, including representatives from the financial and capital market ecosystem including issuers and investors etc.
- Having dedicated market committees for both equity and fixed income markets that deal with the regulatory and delegated enforcement functions of ESX.
- Separate by ‘ring fencing’ the operation and governance of the market from shareholders interest on the exchange.
- Building an efficient management and human resource strategy that caters for the development stages of the exchange.
