The Bangladesh Securities and Exchange Commission on Tuesday held a views exchange meeting with the Institute of Chartered Secretaries of Bangladesh about the overall development and reform of the capital market.
Both the parties discussed roles and responsibilities of chartered secretaries employed in listed companies for the sake of development of the capital market, said a press release.
During the meeting held at BSEC building at Agargaon in the capital Dhaka, the ICSB proposed ensuring corporate governance in listed companies, improving skills and abilities of chartered secretaries or company secretaries working in companies through training and various other processes, reformation in appointments of independent directors and other matters concerned and making company secretaries more responsible for ensuring internal good governance.
In addition to these, discussions on increasing communication and coordination between companies and the regulatory body to solve various problems, including distribution of dividends and protecting interests of investors by ensuring institutional good governance in listed companies, took place.
BSEC chairman Khondoker Rashed Maqsood emphasised the need for ensuring proper compliance of corporate governance code through professional and responsible role of company secretaries in listed companies.
He said that it was important for all stakeholders involved in the market to play their necessary roles by following their respective responsibilities and duties to build a prosperous market.
Khondoker Rashed Maqsood also said that the task force that the BSEC formed has already started working on comprehensive reform of the capital market.
The parties also discussed creating a good investment environment in the capital market by increasing transparency and accountability and ensuring good governance.
The ICSB expressed its commitment to work with the regulatory body for sustainable development and reform of the capital聽market.
BSEC commissioners Mohsin Chowdhury, Md Ali Akbar and Farzana Lalarukh, among others, were present in the meeting.
The stock market regulator is exchanging views with various institutions, organisations and stakeholders related to the capital market regarding the overall reform of the capital market.