Dhaka, Jan. 22 -- The lifetime tenure of directors on the boards of private banks is eroding good governance in the country's banking sector, said A.K. Azad, Vice President of the International Chamber of Commerce (ICC) Bangladesh.

Speaking at a roundtable discussion titled 'Banking Sector Reforms', organised by The Financial Express on Thursday, the former president of the FBCCI said bank directors are custodians of public deposits and should not remain in their positions indefinitely.

"Why should a director remain in office for more than three years?" he questioned.

Referring to long-standing discussions on the formation of a banking commission, Azad urged the finance adviser to place the proposal before the cabinet before the curren...