Bangladesh Bank has removed the maximum two-year term limit for boards of directors it appoints at various banks. The central bank issued a circular on Monday under Section 121 of the Bank Company Act, 1991, allowing such appointed boards to remain in office beyond two years if necessary.
The circular said the provisions of Section 47(2), concerning the duration of orders dissolving boards of directors, would generally not apply to bank companies. Previously, Bangladesh Bank could extend the duration of an order dissolving a board from time to time, but the total term, including extensions, could not exceed two years.
As a result, newly appointed boards installed by Bangladesh Bank after a previous board is dissolved will no longer face a maximum two-year service limit. After the fall of the Awami League government, the central bank dissolved and reconstituted the boards of 14 banks. Their two-year terms were approaching expiry, and Bangladesh Bank was under pressure over their tenure, according to the report.
অর্থনৈতিক রিপোর্টার প্রকাশ : ১০ আগস্ট ২০২৬, ২২: ০৯ বাংলাদেশ ব্যাংক কর্তৃক বিভিন্ন ব্যাংকে নিয়োগ দেওয়া পরিচালনা পর্ষদের সর্বোচ্চ দুই বছরের মেয়াদসীমা তুলে দেওয়া হয়েছে। ফলে প্রয়োজন হলে কেন্দ্রীয় ব্যাংকের নিয়োগ করা পরিচালনা পর্ষদ দুই বছরের পরও দায়িত্ব পা
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