The resignation of Dhaka Stock Exchange Managing Director Tarique Amin Bhuiyan has been accepted by its board of directors.
They accepted the letter of resignation at an emergency board meeting held on Thursday.
During the meeting, it was decided that the resignation of Tarique Amin will take effect after 14 days of its acceptance as per rules since the appointment was not permanent, officials who were present at the meeting told The Business Post.
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The development comes two days after Tarique Amin resigned from his position following a series of disagreements with the premier bourse’s board of directors, 13 months into his term.
Meanwhile, the Bangladesh Securities and Exchange Commission (BSEC) on Wednesday asked the Dhaka Stock Exchange to submit full accounts of its Managing Director Tarique Amin Bhuiyan’s resignation and the promotion of 95 employees by him.
BSEC Chairman Professor Shibli Rubayat-Ul-Islam summoned DSE Chairman Md Eunusur Rahman to discuss the issue on Wednesday.
The stock market regulator asked the DSE to explain by Thursday about Tarique Amin’s resignation and promotions of 95 DSE employees by him, said a BSEC source.
The promotion of the employees this week included several eligible senior posts, while Tarique Amin did not care about any of the Nomination and Remuneration Committee (NRC) of the DSE board approval.
ALSO READ - DSE MD Tarique Amin resigns
On Tuesday, DSE Chairman Md Eunusur Rahman said, “Tarique joined as the MD for three years. In the resignation letter, he said that he could not work according to the plan due to various problems while performing his duties for 13 months. So, he has resigned.”
On July 25 last year, Tarique joined DSE. The DSE board of directors, in its 1,008th meeting held on July 4, 2021, decided to appoint him as the managing director.
Tarique Amin Bhuiyan, a skilled and experienced leader in administration and business management, digital and financial technology, and IT, started his career as a graduate trainee at the International Financial Institution ANZ GrindlaysBank, Bangladesh.
Later, he served in several important positions for over 25 years in various organisations including ING, St George and Westpac and global consulting companies like TCS, Accenture and Infosys etc.
Earlier on October 8, 2020, Kazi Sanaul Huque resigned from the post of managing director, citing personal reasons, just after he served the premier bourse for eight months.
Huque and Tarique resigned from the demutualisation stock exchange where the managing director is the most important post.
