文章基本信息

标题：Reforms of Corporate Governance Codes in Bangladesh: Developments and Future Directions
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作者：Md Tariqul Islam ; Mahfuzur Rahman ; Shrabani Saha 等
期刊名称：Journal of Risk and Financial Management
印刷版ISSN：1911-8074
出版年度：2022
卷号：15
期号：8
页码：1-20
DOI：10.3390/jrfm15080347
语种：English
出版社：MDPI, Open Access Journal
摘要：This research investigates corporate governance (CG) norms in Bangladesh, a developing nation. This study assesses the codes’ key aspects and how they have evolved since the first code was released in 2006. This analysis shows that BSEC changed its recommendations from voluntary to mandatory in the subsequent revisions in 2012 and 2018. The modified versions increased board independence compared to the original code, although it is still lower than in some other emerging nations. Recent changes to the rules include conditions on the nomination and remuneration committees, along with some other amendments. However, critical governance components, such as choosing an independent board member as chair, improving board independence, and assuring gender diversity, could be implemented in future code development. It is believed that investors would be more interested in Bangladesh’s capital market if the policymakers could make the proposed modifications in accordance with the distinctive institutional features of an emerging economy.
关键词：corporate governance reform;voluntary and mandatory rules;developing country;Bangladesh