Bangladesh Securities and Exchange Commission (BSEC) Chairman Khandkar Rashed Maqsood has ordered proper compliance of the Corporate Governance Code to increase order and stability in the capital market and listed companies. He said this in an exchange meeting organized with the top representatives of the Institute of Chartered Secretaries of Bangladesh (ICSB) on Tuesday (October 15).

He said, proper compliance of corporate governance code will play an effective role in increasing order and stability in the capital market and listed companies. Besides, he emphasized on ensuring proper compliance of corporate governance code through professional and responsible role of company secretaries in listed companies.

BSEC Chairman said that for the development and welfare of the country’s capital market and to build a prosperous market, it is very important for all concerned individuals, institutions and organizations as well as stakeholders to play their necessary and proper roles by following their respective responsibilities and duties. BSEC has constituted a task force for sustainable and proper reform of capital market and the task force has already started working on comprehensive reform of capital market.

In the meeting, ICSB’s top representatives presented their views and suggestions regarding the overall development and reform of the country’s capital market. During this time, there was an open discussion about the role and responsibility of the chartered secretaries employed in the listed companies in the development and development of the country’s capital market.

In the event, among others, corporate governance is ensured in listed companies, appointment of independent directors in companies and related reforms, development of skills and capabilities of chartered secretaries or company secretaries working in companies through various processes including training, making company secretaries more responsible for ensuring internal good governance of companies, distribution of company dividends exist in various fields. Various suggestions are made to increase communication and coordination between the company and the regulatory body to ensure the solution of the problem.

The meeting discussed about creating a good investment environment in the capital market by increasing transparency and accountability and ensuring good governance. ICSB representatives expressed their commitment to work with the regulatory body for the sustainable development and reform of the country’s capital market.

BSEC Commissioner Mohsin Chowdhury, Ali Akbar, Farzana Lalarukh, BSEC officials and senior vice president and vice president of ICSB were present.