Tightening of the Appointment & Dismissal rules of bank’s MDs
Summary The new regulations mandate banking managing directors or CEOs to have 20 years of experience, aged 45-65, with a three-year tenure, requiring Bangladesh Bank approval for appointments. To ensure governance and depositor protection, candidates are interviewed by central banks and then assessed by a committee. MDs who quit must justify, and new hires are expected to meet performance goals... Read More