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BEI organized a seminar on
Corporate Governance Strategy
for the Chairmen of the Financial Institutions of Bangladesh at
the Dhaka Sheraton Hotel on January 13, 2008. The objective
of the seminar was to discuss ways to develop the right strategy for
the financial institutions of
Bangladesh
to ensure competitiveness and sustainability.
Dr. YRK Reddy,
Founder of the Academy of
Corporate Governance (ACG), Hyderabad, India
and Mr. K.
Padmakumar,
Secretary, Public Sector Restructuring and Internal Audit Board (RIAB),
Government of India, were the speakers at the programme.
Dr. Reddy and Mr. Padmakumar explained the importance of having a
right strategy for an organization for sustainability and
competitiveness. They also discussed the international reality about
the reforms of corporate governance standards and pointed out the
realized benefits of reformation of corporate governance standards,
such as, improved valuation of assets, improved access to capital,
improved operational efficiency, improved strategy and risk
management, and improved position in factor markets.
They mentioned that the need for right strategy came into spotlight
after the Asian Financial Crisis and corporate scandals like Enron
were focused in the media.

Speakers at
the Seminar. (From L-R) Mr. K. Padmakumar, Secretary, RIAB,
Government of Kerala, Mr.
Farooq Sobhan,
President, BEI, Dr. YRK Reddy, Chairman & Founder, Yaga Consulting
Ltd, Ms.
Lopa Rahman, Project Director, BEI
About 30 chairpersons and board members of
different banks, non-banking financial institutions, and insurance
companies including Janata Bank, EXIM Bank, Bank Asia, IFIC Bank,
National Bank Ltd, Rajshahi Krishi Unnayan Bank, Shahjalal Islami
Bank Ltd, IDLC Finance, GSP Finance, Midas Financing Ltd, Prime Life
Insurance Company, Sandhani Life Insurance Co. Ltd, participated in
the seminar.
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