Corporate Governance in Bangladesh
Our aim is to leverage our expertise and sector knowledge to help organisations meet their governance and assurance objectives.
Are you looking for Corporate Governance Advisory?
Governance:
Bangladesh securities and commission issued notice on June 3, 2018 in relation to the Corporate Governance code. For corporate governance code, they have issued guidance on comprising following matters.
- Size of Board
- Directors Independency and qualification
- Role of Chairperson and Managing Director
- Meeting of the Board of Directors
- Formation of committees comprising of Executive and Non-Executive Directors.
- Independency of the audit department.
We provide ongoing and discrete support, helping you to establish and maintain the corporate governance frameworks and processes including governance reviews and health checks.
Dhaka stock exchange also provides governance guidance for the public limited companies and it is mandatory requirements for the bank and public limited companies.
Following are the main features of the Dhaka stock exchange guidelines for public limited companies.
- Board’s Size (Maximum thirteen directors for Bank) and 5 to 20 directors for other public limited companies
- Independent Directors. (1/5 of the board members should comprise on independent directors)
- Obligations upon directors
- Internal Auditor (Commission of Audit committee)
- Subsidiaries (Governance arrangement between Parent and Subsidiary)
- CEO and CFO (Public Listed companies must have position of CEO and CFO and they will certify the financial statements
We support you in shaping fit-for-purpose governance structures that:
- Build trust and integrity with your stakeholders
- Create dynamic decision-making structures which improve agility and support delivery of strategic objectives
- Create environments in which your people and operations can thrive.
We provide guidance and assist banks with in purview of changes in corporate governance guidance and legislation, for banks, this is a great opportunity for you to review your existing governance practices.
To sustain in the competition, you need to ensure your governance structures are fit to meet future challenges.
- Gap analysis against new guidance
- Benchmark reporting to market good practices or compliance with governance codes
- Identification of areas for improvement in market communications and/or issues with internal framework and approach
- Detailed insights on governance practices for stakeholders such as lenders and investors
- Regular training and updates
