The Financial Express

Two DU professors join BSEC as commissioners

Quorum crisis ends

FE Report | Published: May 21, 2020 10:31:04 | Updated: May 23, 2020 10:16:41

Two DU professors join BSEC as commissioners

The government has appointed two commissioners at the securities regulator to make the commission functional removing the quorum crisis.

The ministry of finance (MoF) confirmed their appointment for four years through a gazette notification issued on Wednesday.

The newly-appointed two commissioners are Dr. Sheikh Shamsuddin Ahmed, a professor of finance at Dhaka University (DU) and Dr. Mizanur Rahman, a professor of accounting and information systems at DU.

Both the commissioners joined the Bangladesh Securities and Exchange Commission (BSEC) on Wednesday, said the BSEC executive director Mohammad Saifur Rahman.

The ministry issued the gazette notification on the appointment of two commissioners after their selection process was approved by the Prime Minister.

The commission of the securities regulator is comprised of the chairman and four commissioners.

Before joining of the new commissioners, there was only one commissioner namely Khondoker Kamaluzzaman at the BSEC.

Meanwhile, professor Shibli Rubayat Ul Islam recently has joined the BSEC as the tenure of the immediate past chairman professor M. Khairul Hossain expired on May 14.

Quorum is fulfilled at the commission meeting if the chairman and at least two commissioners remain present.

After the appointment of two new commissioners, the securities regulator now has no crisis to hold 'commission meeting'.

The insiders said the government is set to appoint another commissioner at the BSEC soon.


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