Corporate Governance in Bank of Bangladesh
Introduction
Corporate governance can be defined as a combination of fairness, precision, accountability and sustainability of corporate behavior. Good Corporate governance is a key factor to achieve the improved performance of an organization. It is fundamental element to safeguard interest of shareholders. For continuous and sustainable growth of an organization, there is no alternative to effective Corporate Governance.
The positive effect of corporate governance on different stakeholders ultimately is a strengthened economy, and hence good corporate governance is a tool for socio-economic development
The modern era of Corporate Social Responsibility (CSR) concept was evolved in 1950s when it was more commonly known as social responsibility. CSR has been defined as “the integration of business operations and values whereby the interests of all stakeholders, including customers, employees, investors, and the environment are reflected in the organizations policies and actions. By CSR practices an organization can improve communication with the community and other stakeholders, ensure accountability and transparency in its operation, improve internal decision making and cost saving, enhance corporate image, improve reputation and ability to enlarge market share and Enhancement of customer true worthiness, profitability and sustainable development.
1.2 Objective of the study
Primary Objective
To observe the current status of Corporate Governance and Corporate Social Responsibility (CSR) and their relationship with organization performance.
Secondary Objective
To see the Corporate Governance guidelines of Bangladesh
To see the Corporate Social Responsibility (CSR) practice by the listed companies.
To see the risk-return features of security stocks and their relationship with Corporate Governance practices.
To see the Corporate Governance practices of other countries. 1.3Scope of the study
The scope of the study has been the listed companies of Dhaka
Corporate governance can be defined as a combination of fairness, precision, accountability and sustainability of corporate behavior. Good Corporate governance is a key factor to achieve the improved performance of an organization. It is fundamental element to safeguard interest of shareholders. For continuous and sustainable growth of an organization, there is no alternative to effective Corporate Governance.
The positive effect of corporate governance on different stakeholders ultimately is a strengthened economy, and hence good corporate governance is a tool for socio-economic development
The modern era of Corporate Social Responsibility (CSR) concept was evolved in 1950s when it was more commonly known as social responsibility. CSR has been defined as “the integration of business operations and values whereby the interests of all stakeholders, including customers, employees, investors, and the environment are reflected in the organizations policies and actions. By CSR practices an organization can improve communication with the community and other stakeholders, ensure accountability and transparency in its operation, improve internal decision making and cost saving, enhance corporate image, improve reputation and ability to enlarge market share and Enhancement of customer true worthiness, profitability and sustainable development.
1.2 Objective of the study
Primary Objective
To observe the current status of Corporate Governance and Corporate Social Responsibility (CSR) and their relationship with organization performance.
Secondary Objective
To see the Corporate Governance guidelines of Bangladesh
To see the Corporate Social Responsibility (CSR) practice by the listed companies.
To see the risk-return features of security stocks and their relationship with Corporate Governance practices.
To see the Corporate Governance practices of other countries. 1.3Scope of the study
The scope of the study has been the listed companies of Dhaka