Benchmarking the State of Corporate Governance in Bangladesh

Now-a-days corporate governance (CG) is considered to be one of the most vital factors for improving the overall business practices in the globalized world and in maximizing value of the shareholders and stakeholders. Bangladesh should not be lagging behind in recognizing the importance of having good governance mechanism. Accordingly, this study aimed at benchmarking the status of corporate governance in Bangladesh, as future policy direction should start with assessment of the present standing. Both primary and secondary survey instruments are applied to attain the aforementioned objective. The results of the study revealed that, core elements for ensuring good governance, such as: regulations, auditing, stakeholder engagement etc. needs development and enforcement. Also some institutional set up should be established to train and educate stakeholders to get familiarized with the corporate governance concepts and practices