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Chapter 8

The document provides 8 recommendations to improve corporate governance practices at Bank Asia Ltd. and increase sustainability: 1) Provide corporate governance training to increase awareness, 2) Increase the effectiveness of independent directors to bring more transparency, 3) More strictly and timely evaluate the performance of the Board of Directors to increase accountability.

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Istiaq Ahmed Prince
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38 views1 page

Chapter 8

The document provides 8 recommendations to improve corporate governance practices at Bank Asia Ltd. and increase sustainability: 1) Provide corporate governance training to increase awareness, 2) Increase the effectiveness of independent directors to bring more transparency, 3) More strictly and timely evaluate the performance of the Board of Directors to increase accountability.

Uploaded by

Istiaq Ahmed Prince
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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8.

Recommendations
After completing the research following recommendations have been made to ensure the
practice of corporate governance codes in bank Asia Ltd. and to increase sustainability of
the business:

The Bank should focus more on corporate governance training programs to make
everyone in the organization aware of its practices.

The effectiveness of independent directors should be increased in the organization to


bring more transparency.

The performance of Board of directors should be evaluated more strictly and timely to
bring the accountability in the organization.

More detailed information on major shareholders equity and ownership should be


disclosed.

Adequate time and scope should be given to the shareholders for asking questions and
placing issues in the Annual General Meetings (AGM).

Complete resume of directors of every organization should be disclosed to enable


shareholders to judge their qualification and skills.

Employees should be encouraged to participate in decision making and bring forward


their ideas and viewpoints about the organization.

Customers should be treated more fairly and provided with detailed information about
their banking activities and costs involved.

Minor shareholders should not be neglected by any means.

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