Dhaka, July 21 -- The DSE Brokers Association of Bangladesh (DBA) has urged the government to reform the board structure of the Dhaka Stock Exchange (DSE), advocating for a reduction in the number of independent directors and more balanced representation among stakeholders.

In a letter dated 17 July addressed to Anisuzzaman Chowdhury, special assistant to the Chief Adviser and chair of the committee tasked with strengthening the Bangladesh Securities and Exchange Commission (BSEC), the DBA criticised the current board composition under the 2013 Demutualisation Scheme.

Currently, the DSE board comprises 13 members: seven independent directors, four shareholder directors, one nominee from a strategic investor, and the managing director (M...