Regulatory Alerts2024-03-03
Added
BRPD Circular Letter No. 12: Regarding evaluation committee of Bangladesh Bank on appointment/reappointment to the post of Managing Director/Chief Executive Officer of a bank-company
Bangladesh Bank establishes a four-member Evaluation Committee to assess the qualifications, suitability, and strategic plans of candidates nominated for the post of Managing Director or Chief Executive Officer in scheduled banks, excluding specialized banks. The committee is mandated to conduct interviews, verify credentials, evaluate strategic proposals, and issue recommendations to the central bank, which will grant final approval based on these findings. Banks are required to inform their Boards of Directors immediately and disseminate the circular to all employees.
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