Dhaka, June 21 -- In a significant step towards strengthening corporate governance in the capital market, the Bangladesh Securities and Exchange Commission (BSEC) has received a set of recommendations aimed at reforming the appointment and remuneration of independent directors in listed companies.
The proposals were formally submitted on Wednesday, 18 June, by a task force constituted by the BSEC. One of the central features of the draft policy is the introduction of a centralised pool of qualified independent directors.
Under the proposed system, all listed companies would be required to appoint independent directors from this vetted panel - an initiative designed to improve transparency, consistency, and professionalism in board composi...