The Bangladesh Securities and Exchange Commission (BSEC) has approved the appointment of four distinguished individuals to serve as independent directors on the new board of directors for Dhaka Stock Exchange (DSE).
According to an official letter sent to the managing director of DSE by BSEC on Monday, the four approved independent directors were chosen based on their expertise, experience, and integrity, and will serve as independent voices on the board.
They are – Dr Abdullah Al Mahmud, professor of the Banking and Insurance Department of Dhaka University; Dr Hafiz Md Hasan Babu, dean of the Faculty of Engineering and Technology of the same university; Md Afzal Hossain, former secretary on post-retirement leave and former chairman of the Bangladesh Trade and Tariff Commission (BTTC); and Rubaba Dowla, country managing director for Oracle in Bangladesh, Nepal, and Bhutan.
BSEC has the authority to revoke the approval of any independent director if they fail to comply with any of the regulations or criteria.
This ensures that the board of directors is made up of competent and trustworthy individuals who will work in the best interest of the DSE and its stakeholders.
