Independent Directors for Z Category Firms Mandated

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Date of News Publication : May 28, 2025

The decision came from the Bangladesh Securities and Exchange Commission (BSEC) today.

The BSEC has decided to appoint independent directors at Z category companies and those that are non-compliant.

The decision was made during a commission meeting held today, according to a press release.

Independent directors will be appointed in accordance with the Corporate Governance Code-2018 at Z category companies and at those where sponsors and directors do not jointly hold 30 percent of the company's shares.

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