The Deputy Governor of the Banking Regulatory Policy Bureau is appointed as the chairman of the evaluation committee.
Bangladesh Bank has set up a four-member committee to assess the qualifications and suitability for appointment and reappointment of managing directors or chief executive officers of the bank.
The central bank announced in a circular issued on Sunday (March 3) that the deputy governor in charge of the Banking Regulatory Policy Department will chair the committee.
In addition, the executive officers responsible for the Office of Banking Regulation and Policy and the Office of Off-Site Supervision will serve as members of the Committee.
The committee secretary will be the director of the Second Division of the Banking Regulation Policy Bureau.
In this circular, Bangladesh Bank has highlighted the measures taken by the bank to improve depositor confidence and customer service, particularly by addressing existing bottlenecks and focusing on credit discipline, improvement, excellence, technology and innovation. He also emphasized the need to be informed about the action plan.
“Therefore, a four-member committee was established to examine the qualifications, suitability, commitment to responsibility, experience, age and leadership qualities of the person nominated as managing director of the bank,” the report said. Stated.
Areas of work of this committee
The committee will write to the bank’s chairman regarding the interview of candidates nominated for the post of managing director.
If a positive recommendation is received from the committee for appointment as managing director or chief executive officer, Bangladesh Bank will approve the appointment or reappointment.
If the qualifications, suitability, commitment to responsibility, experience and leadership qualities of the candidates are deemed not positive and acceptable by the Committee, the Banking Supervisory Authority shall notify each bank through a letter documenting the reasons for not approving the appointment. Notify the Chairman.
Former Bangladesh Bank Governor Salehuddin Ahmed told Business Standard that there is already an examination system for the appointment of managing directors. “They have to be properly implemented,” he added.
He said, “I don’t understand the logic behind issuing new circulars and running Viva.To improve governance in banks, we first need to control directors. However, there are no results.”