Scenario of Corporate Governance Practices in Bangladesh: A Study on Dutch Bangla Bank Limited (DBBL)

Abstract

The study addresses the scenario of corporate governance practices in listed companies with any stock exchange in Bangladesh. DBBL has been taken as a case and data has been collected from the secondary sources. The study reveled that the corporate governance compliance practices in DBBL with SEC notification is better than average practices by the companies listed in stock exchanges of Bangladesh. Comparatively DBBL has been strictly followed the SEC’s guidelines, Bangladesh Bank’s guidelines, others regulatory bodies’ guidelines and legal obligations. But this Bank has no separate code of corporate governance, code of conduct for the board, and no any written performance evaluation system of CEO. More initiatives can be taken for ensuring corporate governance compliance in every companies listed in any stock exchange to increase foreign direct investment, enhance confidence of stakeholders, and moreover ensure transparency, accountable, reliability and fairness.

Keywords: Scenario, Corporate Governance, Butch-Bangla Bank Limited, Annual Report, Bangladesh.