Preface Governance is a crucial factor in the process of democratization and development. Leaders in business, research, politics and civil service all agree that the demand for governance experts in national and international arenas have been steadily growing over the past decades. On the other hand, Bangladesh is far behind in corporate governance standards, codes and principles. Here, corporate governance has been facing ambiguities and challenges since last decade of twentieth century. These include outlook, family domination, lack of awareness and expertise on corporate governance. In all aspects, regulators have been suffering from poor managerial expertise, low capability and proficiency, ineffective and weak management as well as inadequate implementation of principles, codes, laws and regulations. As a result, corporate failures have occurred among national and multi-national companies (MNCs) in Bangladesh led to closing down of their entities or corporations. Under the above circumstances, we have to practice good corporate governance to achieve the corporations’ mission, vision, goals, targets, corporate objectivity and profitability. In order to achieve good corporate governance in Bangladesh, we need to effectively maintain national and international norms, codes, principles, rules and regulations followed in the established corporations across the world. In order to address these problems and challenges, the corporate bodies and organizations need to reform the laws, acts, principles and codes keeping the international rules and regulations practiced in multinational and transnational across the globe.
Shakil Kalam November, 2019