Good Corporate Governance Principles and Recommendations for Good Practices

Journal of Socioeconomic Research and Development (JSERD), Volume 7 Issue 5, (2010 ) pp. 970-974

5 Pages Posted: 18 Feb 2015 Last revised: 17 Mar 2015

See all articles by Dr. Md. Abdur Rouf

Dr. Md. Abdur Rouf

Daffodil International University

Md. Nur-E-Alam Siddique

ASA University Bangladesh (ASAUB); Universiti Kebangsaan Malaysia (UKM)

Abdur Rahaman

Independent

Date Written: 2010

Abstract

This study conducted in 2009 summarizes overall good corporate governance principles and recommendations for good practices to all organizations (Public, private or non-profit) in Bangladesh. These good practices are divided into two categories (i) structure of the board of directors and (ii) operation of the board of directors. The basic governance principles related to the effectiveness and accountability of board of directors. We argue that good corporate governance principles can make stronger intra-company control and reduce opportunistic behaviors and lower the asymmetry of information, so it will be a positive impact on an organization. Although the study is addressed primarily to Bangladesh based organizations, the general principles are applicable to foreign entities as well, although modifications must be made to description for legal and cultural differences.

Keywords: Corporate governance, Good practices, Public companies, Private companies and Non-profit organization

Suggested Citation

Rouf, Dr. Md. Abdur and Siddique, Md. Nur-E-Alam and Rahaman, Abdur, Good Corporate Governance Principles and Recommendations for Good Practices (2010). Journal of Socioeconomic Research and Development (JSERD), Volume 7 Issue 5, (2010 ) pp. 970-974 , Available at SSRN: https://ssrn.com/abstract=2565732

Dr. Md. Abdur Rouf (Contact Author)

Daffodil International University ( email )

102 Sukrabad, Mirpur Road, Dhanmondi
Dhaka, 1207
Bangladesh

HOME PAGE: http://https://faculty.daffodilvarsity.edu.bd/profile/bba/rouf.html

Md. Nur-E-Alam Siddique

ASA University Bangladesh (ASAUB) ( email )

Shyamoli
Dhaka
Bangladesh
008801712441243 (Phone)

Universiti Kebangsaan Malaysia (UKM) ( email )

Bangi, Selangor 43600
Malaysia

Abdur Rahaman

Independent ( email )

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