Bangladesh’s 2018 Corporate Governance Code

On 10 June 2018, Bangladesh’s new Corporate Governance Code (Notification No. BSEC/CMRRCD/2006-158/207/Admin/80, dated 03 June 2018) was published in the Bangladesh Gazette. It repeals and replaces the earlier Corporate Governance Code of 2012 (Notification No. SEC/CMRRCD/2006-158/134/Admin/44, dated 07 August 2012) and listed companies will need to comply with this Notification by 31 December 2018. I will write a more detailed analysis of the Code later but it is striking that in its gazetted form, the Code leaves out the (controversial) section on corporate social responsibility that was a significant component of the draft Code.




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