Social Islami Bank gets new board

Social Islami Bank PLC convened a meeting on Wednesday (August 28) at its head office to discuss the protection of depositors' interests and enhance governance practices, says a media release.

At the meeting, Dr M Sadiqul Islam, FCMA, Professor of the Department of Finance at the University of Dhaka, was elected as Chairman while Md Anisul Hoque, Representative of Hamdard Laboratories (Waqf) Bangladesh, was elected as Vice-chairman.

Key appointments within the board include Maksuda Begum, Former Executive Director of Bangladesh Bank, as Chair of the Executive Committee; Major (Retd.) Dr Md Rezaul Haque, Sponsor Director, as Chair of the Risk Management Committee; and Chartered Accountant Md. Anwar Hossain, FCA, as Chair of the Board Audit Committee. Md Morshed Alam Khondoker, Former Deputy Managing Director of Rupali Bank and an Independent Director, was also present.

Bangladesh Bank reformed the board of the bank on August 25 for ensuring good governance in the bank. The establishment of the new board has already begun to have a positive impact on client trust and deposit levels.