Discussants have said maintaining corporate governance code should be maintained to ensure the companies' sustainable growth along with bringing transparency in the stock market.
They laid importance on maintaining corporate governance code on Monday at a seminar held at Bangabandhu International Conference Centre (BICC).
The Bangladesh Securities and Exchange Commission (BSEC) arranged the seminar as part of celebrating its Silver Jubilee.
BSEC chairman Professor M Khairul Hossain said all the listed companies will have to comply with the corporate governance code.
"The companies will be benefited if they maintain corporate governance code," Mr. Khairul said.
At the seminar the BSEC executive director M Hasan Mahmud made a presentation on corporate governance code.
In his presentation, Mr. Hasan said at least one-fifth of the total number of directors in a company's board shall be independent.
He said there is a difference between the number of independent directors in Bank Companies Act and Insurance Act.
"But listed banks and insurance companies will have to follow the corporate governance code," Hasan said.
BSEC Commissioner Dr. Swapan Kumar Bala said they have already sent the corporate governance code to the regulators of banks and insurance companies.
The managing director of Dhaka Stock Exchange (DSE) K. A. M. Majedur Rahman spoke on raising remuneration for independent directors.
"Proper remuneration should be given to independent directors to honour their worthy contribution," Mr Rahman said.
He also spoke for including environmental social governance in the corporate governance code.
M Shaifur Rahman Mazumdar, managing director of Chittagong Stock Exchange, said maintenance of corporate governance will help the companies attain a sustainable growth.
Shuvra Kanti Choudhury, managing director of Central Depository Bangladesh Limited, also spoke at the seminar.
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