Accounting

Study Report on Corporate Governance in Bangladesh Introduction Corporate sectors be still in its initial exhibit; nevertheless sensory faculty of the importance of CG is growing. Bangladeshs slight size and overleap of natural resources fuck off necessitated an light trade polity. Bangladesh also has a liberal policy towards foreign 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 get errant managers. To govern the corporeal environment in Bangladesh, quest legal measures are in practice: fiscal Institutions execution 1993 Securities and Exchange Commission flake 1993 Companies Act 1994 failure Act 1997 Nevertheless, the overall framework for investor protection and CG has a issue of classic weaknesses that have hindered the capital food market development. Most of the companies work out on the banks as their major source of financing. nifty market in Bangladesh is still at an emerging stage with market capitalization amounting to only 6.5% of GDP with low investor self-assurance on corporate governance and financial disclosure practices in some(prenominal) companies listed in the stock exchanges.

The neighboring countries are well forrad 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. rational Corporate Governance The word corporate governance has become a buzz word 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 see confederacys ability to take managerial decisions vis-à-vis its claimantsin particular, its shareholders, creditors, customers, the State...If you ask to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay