The Bangladesh Securities and Exchange Commission appointed independent directors for three companies owned by the Beximco Group and listed on the capital market.
These companies are Bangladesh Export-Import Company, Beximco Pharmaceuticals, and Shinepukur Ceramics, according to a press release issued by the stock market regulator on Wednesday.
The press release said that the decision was taken by an interim government advisory committee considering the overall labor and business situation of the industrial establishments in Beximco Industrial Park and on the instructions of the Ministry of Finance.
The independent directors will serve for three years effective from the next board meeting of these companies, the press release stated.
鈥楾he commission appointed these independent directors to ensure they make up the majority on the companies鈥� boards,鈥� Rezaul Karim, executive director and spokesperson of the BSEC said.
鈥楾his move will secure the interest of shareholders and investors of these three companies,鈥� the press release mentioned.
The appointed independent directors include Shahinoor Islam, professor at Bangladesh University of Engineering and Technology, Syed Rezaul Karim, chairman of Bengal Overseas, Sultan Mahmood Bin Zulfiqar, writer and journalist; Forkan Uddin, president of the Institute of Chartered Accountants of Bangladesh, Mirza Aminur Rahman, freelance consultant, M Nurul Alam, chief executive officer of MNA Associates, Sheikh Nahar Mahmud, chief consultant of Infinigent Consulting, brigadier general Shafqat-Ul-Islam, and Anwar Hossain, vice chairman of the Export Promotion Bureau.
These directors will serve as independent members on the boards of Beximco Limited and Beximco Pharmaceuticals.聽
Shahinoor Islam, Sultan Mahmood Bin Zulfiqar, Forkan Uddin, Mirza Aminur Rahman, M Nurul Alam, brigadier general Mohammad Mohtashim Haider Chowdhury, and Anwar Hossain will serve as independent members on the board of Shinepukur Ceramics.
Salman F Rahman, who is the vice-chairman of the three Beximco firms, and was the private investment affairs adviser to deposed prime minister Sheikh Hasina, is currently under arrest.
Different state organisations started investigating the Bexmico group amid allegation of irregularities in the companies owned by the business group after the fall of the Awami League government.