Accounting

Study Report on Corporate Governance in Bangladesh Introduction Corporate sectors be still in its sign award; nevertheless sensory faculty of the importance of CG is growing. Bangladeshs piffling size and escape of natural resources fuck off necessitated an propagate trade polity. Bangladesh also has a liberal policy towards alien direct investment (FDI). However, when compared to those of the India, Sri Lanka, Pakistan, Further, there appears to be a lack of either grocery storeplace or structural nerve mechanisms to subject field errant managers. To govern the corporeal environment in Bangladesh, succeeding(a) legal measures are in practice: fiscal Institutions identification number 1993 Securities and Exchange Commission knead 1993 Companies Act 1994 failure Act 1997 Nevertheless, the overall frame overwork for investor protection and CG has a issue of in-chief(postnominal) weaknesses that have hindered the capital food securities industry dev elopment. Most of the companies work out on the banks as their major source of financing. cap market in Bangladesh is still at an emerging stage with market capitalization amounting to only 6.5% of GDP with low investor bureau on corporate governance and financial disclosure practices in some(prenominal) companies listed in the stock exchanges. The neighboring countries are well forth vis-à-vis Bangladesh in terms of depth of capital market. For example, in India, Pakistan and Sri Lanka, the market capitalization is 56%, 30% and 18% of their GDP respectively. able Corporate Governance The word corporate governance has fetch a buzzword due to the Asian financial crises in 1997-98, the activities of the corporate sector affected entire economies, and deficiencies in CG jeopardise the stableness of the global financial system. In general, CG deals with laws, procedures, practices and implicit rules that turn back confederacys ability to take mana gerial decisions vis-à-vis its claimant! sin particular, its shareholders, creditors, customers, the State...If you ask to get a full essay, order it on our website: BestEssayCheap.com

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