Regulatory Framework: to ensure corporate governance:

May 29th, 2015
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I) Mandatory Requirements  BOD - Composition and category of Directors, details of Board Meetings held with details of attendance.  Audit Committee - Composition, name of chairperson, details of meeting with attendance and the terms of reference. The head of the committee shall be a non- executive director.  Shareholders committee - to look into shareholders grievances with details of composition and details of grievances received & settled. The head of the committee shall be a non-executive director.

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CORPORATE GOVERNANCEMushtaque AhmedPrincipalSBSC. Dhaka.With the dismantling of administered banking and since the winds of liberalization and deregulation blowing hard, several crucial areas like asset management, interest rates etc have to be decided by the banks themselves, These fundamental reasons make corporate governance essential.Greater freedom brings greater responsibility. Globalisation has also given this subject a totally new dimension and wider interest. It is essential for risk containment by providing early warning system to facilitate prompt corrective action to prevent failure. It is not risk aversion but it involves risk assessment and coverage because earlier detection, lower the cost. Three essential ingredients of corporate governance merit attention. Check & balances like audit committees, independent accounting, systems etc.Clear demarcation of responsibilities for effective accountability.Complete disclosure and transparency. What is Corporate Governance ? The Cadbury Committee report say- it is the system by which companies are directed and controlled. It tries to enunciate the responsibility of Board of Directors and managers, whether defined by the law or not, to ensure good performance. Corporate Governance establishes the relationship between the shareholders and other stakeholders with the management and its Board. Good Corporate Governance should provide proper incentives for the Board and Management to pu

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