Separation of management from cos\\\' ownership yet to be visible

Discussants Saturday said merits, ethics and commitments are required to ensure the corporate governance of listed companies along with complying with the guideline set by the securities regulator.

Their observations came at a community dialogue titled 'Corporate Governance & Transparency of Listed Companies' and arranged by Bangladesh Merchant Bankers Association (BMBA) and Share Market TV Journalists Association at a city hotel.

"Concerned committees of the listed companies must have commitment to ensure good governance. Corporate governance is also affected due to lack of ethics observed in society," said AB Mirza Azizul Islam, the former advisor to caretaker government and ex-chairman of the securities regulator.

Mr. Islam said separation of management from the companies' ownership is yet to be visible in Bangladesh.

"Coordination is required among the regulatory organisations to remove any kind of ambiguity of the rules of those organisations," Mr. Islam added.    

Yawer Sayeed, the managing director of the AIMS of Bangladesh, said corporate governance has a relationship with merits and ethics of the persons having involvement with company affairs.

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