Corporate Governance Practices in Bangladesh: The New Paradigm in Management Education

Corporate Governance and Corporate Citizenship: Challenges for Business and Management Education, Bhubaneswar, Orissa, India, August 26-27, 2003

12 Pages Posted: 18 Nov 2008 Last revised: 16 Dec 2008

See all articles by Mohammad Shamsuddoha

Mohammad Shamsuddoha

University of Chittagong; Western Illinois State University

Date Written: August 23, 2003

Abstract

Successful corporate governance depends to a great extent of trade-off among the various conflicting interest groups like Government, Society, Inventors, Creditors, and Employees of the organization. The basic governance issues related to the effectiveness and accountability of board of directors. The present paper highlights the information collected through a survey of the 180 sample respondents based on random sampling. This paper shed light on the question of transparency and accountability of corporate governance. It identifies the major challenges in this process. The data reveal that the Bangladeshi corporate management suffers from transparency, independence in decision-making and accountability. It has been identified that among the various reasons of this scenario, the important ones are absence of professionalism in management, paternal style of leadership, lack of skilled human resources, absence of dynamism in management culture and the likes. The paper concludes with some strategies, which are considered essential for the exercise of good governance in the company management of Bangladesh such as accountability to shareholders, transparency of disclosures, quality of directors, independence of decision-making etc.

Keywords: Corporate Governance, Transparency, Accountability

Suggested Citation

Shamsuddoha, Mohammad, Corporate Governance Practices in Bangladesh: The New Paradigm in Management Education (August 23, 2003). Corporate Governance and Corporate Citizenship: Challenges for Business and Management Education, Bhubaneswar, Orissa, India, August 26-27, 2003, Available at SSRN: https://ssrn.com/abstract=1302265 or http://dx.doi.org/10.2139/ssrn.1302265

Mohammad Shamsuddoha (Contact Author)

University of Chittagong ( email )

Department of Marketing, Faculty of Business Admin
University of Chittagong, Bangladesh
Chittagong, Chittagong 4331
Bangladesh

HOME PAGE: http://www.shamsuddoha.webs.com

Western Illinois State University ( email )

School of Management and Marketing
Macomb, IL 61455
United States
61455 (Fax)

HOME PAGE: http://www.wiu.edu

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