Corporate Governance Programme for Association of Management Development Institutions of Bangladesh (AMDIB)

Date:

Event Name : Recent Events

Date : 10 June, 2006- ,

Description :

Bangladesh Enterprise Institute (BEI), in association with the Association of Management Development Institutions of Bangladesh (AMDIB), organized a day-long workshop on Corporate Governance (CG) for all AMDIB members.

The programme was inaugurated by Prof. Dr. M. Asaduzzaman, Chairman of the University Grants Commission (UGC) and held in the Conference Room of BEI at House # 20, Road # 05, Gulshan 1, Dhaka on 10 June, 2006.

AMDIB members include Institute of Business Administration (IBA), North South University, East West University, Academy of Planning and Development, Janata Bank Training Institute and Bangladesh Bank Training Academy among other leading business schools and management development institutions in Bangladesh.

Mr. Farooq Sobhan, President, BEI, Dr. Fakhruddin Ahmed, Managing Director, PKSF, and Dr. Iftekhar Ghani Chowdhury, Director, IBA and President, AMDIB will be chairing the sessions of the workshop.

Speakers at the workshop included Dr. Mirza Azizul Islam, Chairman, Sonali Bank, Mr. Anis A. Khan, CEO and Managing Director, IDLC, Ms. Nihad Kabir, Advocate, Supreme Court and Mr. Adeeb Khan, Partner, Rahman Rahman Huq/KPMG.

Participants at the workshop constituted Professors, Associate Professors, Assistant Professors, Lecturers, and faculty members of leading universities and management development institutions under the membership of AMDIB. The objective of this capacity building programme is to assist the various management development institutions and business schools of Bangladesh incorporate CG in their core curriculum.

Speaking on the occasion, Dr. Asaduzzaman said UGC is trying its utmost to streamline and strengthen higher education in Bangladesh; he requested the private and public institutions alike to come forward to establish and implement Corporate Governance practices in Bangladesh.

Dr. Fakhruddin Ahmed, echoing the sentiments of the chief guest, said that the teaching community can play a significant role in establishing CGin Bangladesh. He also said that CG has to be linked with the other objectives of the business and the expectations of the shareholders.

Dr. Mirza Azizul Islam said that there has been significant improvement in the CG status in Bangladesh due to the stringent control and monitoring mechanisms of the Securities and Exchange Commission (SEC). He said that compared to 2004, 50 percent more listed companies have held their Annual General Meetings and submitted their financial reports in 2005. The SEC launched its own guidelines on CG for the listed companies in January, 2006.

BEI launched its programme on CG with a research effort in 2002 and is now actively involved in capacity building of various constituencies such as SOEs, Financial Institutions and NGOs on Corporate Governance. With its Corporate Governance Strengthening Project, BEI is sending a strong message to investors and observers in the international arena that Bangladesh has recognized the importance of corporate governance and is taking definite steps to improve corporate governance performance in the private, public, and the non-governmental sector.

From Left to Right: Dr. Prof. Dr. M. Asaduzzaman, Chairman of the University Grants Commission (UGC), Mr. Farooq Sobhan, President, BEI, Dr. Iftekhar Ghani Chowdhury, Director, IBA and President, AMDIB and Dr. Fakhruddin Ahmed, Managing Director, PKSF

For further information, please contact Ms. Lopa Rahman, Project Coordinator at lopa.rahman@bei-bd.org or Mr. Asif Ayub, Research Associate at asif.ayub@bei-bd.org.

Posted Date : 4 March, 2012

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