Regulatory Alerts2024-12-30
Added
BRPD Circular Letter No. 56: Formation of Board and Responsibilities of Directors of a Bank-Company
The document amends Paragraph 12.2(b) of BRPD Circular Letter No. 02 dated February 11, 2024, to establish specific attendance thresholds for director remuneration. It requires directors to attend a combined total of six meetings of the highest governing body and executive committee, one audit committee meeting, and one risk management committee meeting per month to be eligible for such remuneration. This directive is issued under the powers granted by Section 45 of the Bank Company Act, 1991, and applies to all scheduled banks operating in Bangladesh.
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