Corporate governance practices in Bangladesh

Abstract

Corporate Governance (CG) is a relatively newer term both in the public and academic debates. In the case of Bangladesh it has not been flourished enough yet. Before the collapse of some renowned global corporations policy makers did not draw proper attention to it. However, since 2000 the scenario started to change. Bangladesh has implemented a number of changes in corporate laws and regulations. In this backdrop the current study makes an effort to investigate and discuss the development of corporate governance regulations, practices and their contribution in a Bangladesh perspective. It was revealed that Bangladesh stands far behind and has implemented the wholesale adoption of Anglo-American shareholder model of CG which is not entirely suitable considering the economic, legal and corporate environment of the country. In the conclusion this paper advances that Bangladeshi firms’ governance mechanisms have to be developed within the arena in which it is demanded.