BB issues guidelines to appoint bank MDs and CEOs

Bangladesh Bank (BB) has issued a detailed guideline regarding the appointment and responsibilities of the Managing Directors (MDs) and Chief Executive Officers (CEOs) of a bank.

"Bank companies are facing greater challenges in operational management along with managing business and technical risks than ever before. In this context, there is a need to issue clear instructions regarding the appointment of the managing director or chief executive officer of the bank," said a BB circular issued on Tuesday (February 27).
The introduction of the guidelines states that to ensure good governance in the banking sector, it is necessary to appoint a suitable, professionally competent, and experienced managing director or chief executive officer.