Roundtable Discussion on the OECD Guidelines on Corporate Governance for State-Owned Enterprises – Day 2

Date:

Event Name : Recent Events

Date : 15 November, 2006- ,

Description :

On the second day of the two-day roundtable discussion on the OECD Guidelines on Corporate Governance for State-Owned Enterprises the Bangladesh Enterprise Institute (BEI) held discussions with the Nationalized Commercial Banks (NCBs) of Bangladesh on Wednesday, November 15, 2006.

The Bangladesh Enterprise Institute (BEI) organized a two-day roundtable discussion on the OECD Guidelines on Corporate Governance for SOEs to promote and enhance awareness about the guidelines, and strengthen the practice of good governance among the State-Owned Enterprises (SOEs) and NCBs in Bangladesh.

Mr. Enam Ahmed Chaudhury, Chairman, Privatization Commission inaugurated the second day of the roundtable as the chief guest. In his opening remarks, Mr. Chaudhury said that Corporate Governance (CG) could always be introduced in the State-Owned Enterprises (SOEs).

Mr. Chaudhury said that if SOEs perform efficiently, SOEs do not need to be privatized. He noted that, unfortunately, because of politicization of the board of directors, it is difficult to run the SOEs in an efficient manner. He also pointed that if NCBs are made autonomous and if corporate governance is introduced, then there could be significant improvement in the performance of the banks.

Ms. Mathilde Mesnard, Administrator, Corporate Governance of State Owned Assets, OECD and Mr. Motoyuki Yufu, Principal Administrator, OECD Outreach Unit for Financial Sector Reform made detailed presentations on the OECD Guidelines.

Dr. Mohammed Farashuddin, former Governor, Bangladesh Bank, chaired the second session of the workshop. Dr. Mirza Azizul Islam, Chairman, Sonali Bank presented the keynote paper on Corporate Governance of State-Owned Banks of Bangladesh

Other speakers at the workshop included Mr. Khondkar Ibrahim Khaled, former Deputy Governor, Bangladesh Bank and Mr. Syed Abu Naser Bukhtear Ahmed, CEO, Agrani Bank.

While making her presentation, Ms. Mesnard said that the need for developing the guidelines arose from the pressure for reform deriving from globalization and liberalization, specific governance challenges, and the impact of SOEs on economic performance.

Mr. Farooq Sobhan stressed that SOEs need strong leadership in the board to manage them. He also noted that SOEs suffer from the issue of continuity due to the high turnover of its human resources.

Chairman of Pubali Bank Limited; Managing Director of Pubali Bank Limited; Chairman of Agrani Bank; General Manager, Agrani Bank; General manager, Shilpa Bank and representatives from various NCBs, credit rating agencies, regulatory bodies and corporate governance practitioners were present at the roundtable.

Posted Date : 4 March, 2012

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