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A delegation of the Institute of Cost and Management Accountants of Bangladesh (ICMAB), headed by its President Mohammed Salim, FCMA, called on Dr. M. Khairul Hossain, Chairman, Bangladesh Securities and Exchange Commission (BSEC) at his office on Monday, according to a statement.
The delegation members were Vice President Mr. Arif Khan FCMA, Executive Director Md. Mahbub Ul Alam FCMA.
Commissioners of SEC Professor Md. Helal Uddin, Mr. Md. Amzad Hossain, Prof. Dr. Swapan Kumar Bala FCMA, & Khondoker Kamaluzzaman were also present during the discussion.
Mr Salim thanked the BSEC Chairman and the whole team for the modernisation and successful operation of capital market in recent days.
He highlighted the upgradation of BSEC to A-category from B-category by the International Organisation of Securities Commissions (IOSCO) which reflects the untiring effort of the Chairman to ensure a more disciplined market and help attract more foreign investments.
The President also highlighted the demutualisation scheme which successfully brought corporate culture in stock market.
Profit orientation target give a new challenge before the stock exchanges which is the demand of the time and Bangladesh capital market can successfully do that only due to the uncompromising leadership of the Chairman.
Mr Salim, at the same time, brought the corporate governance issue as observed in different corporates in Bangladesh. BSEC has played a significant role in this regard through the new Code of Corporate Governance which brings transparency and accountability in corporate sector.