OECD Survey of Corporate Governance Frameworks in Asia

The OECD has published a survey of corporate governance frameworks in Asia: see here (pdf). The survey presents information for 14 jurisdictions and is based on questionnaire responses from organisations including securities regulators, institutes of directors, stock exchanges and governance centres. The jurisdictions included in the survey are Bangladesh, China, Chinese Taipei, Hong Kong, India, Indonesia, Korea, Malaysia, Mongolia, Pakistan, Philippines, Singapore, Thailand and Vietnam. The survey reports on a variety of matters including ownership structure, shareholder rights and board structure.

Bangladesh: company law reform - draft Companies Act 2013 published

The Ministry of Commerce has published for comment a draft of the Companies Act 2013: see here (pdf).

Bangladesh: new Companies Act moves closer

The Financial Express reports that the Government is close to finishing the drafting of a new Companies Act: see here.

Bangladesh: SEC proposes amendments to its Corporate Governance Guidelines

The Bangladesh Securities and Exchange Commission has proposed various amendments to its Corporate Governance Guidelines: see here (pdf). Under the proposals, certain recommendations in the Guidelines will cease to operate on a comply or explain basis and will become mandatory, including those relating to board composition and size. The SEC's Guidelines apply to all companies listed on exchanges in Bangladesh.

Bangladesh: a new Companies Act

The Financial Express reports that the Ministry of Commerce has decided to introduce a new Companies Act, although not much detail is provided about what it will contain: see here. A draft of the new Act is expected in the autumn.