Institute of Chartered Secretaries of Bangladesh (ICSB)
THE COUNCIL 2013-2016
EDITORIAL BOARD
Institute of Chartered Secretaries of Bangladesh (ICSB), established under an Act of Parliament i.e. Chartered Secretaries Act 2010, is the only recognized professional body in Bangladesh to develop, promote and regulate the profession of Chartered / Company Secretaries in Bangladesh. The affairs of the Institute of Chartered Secretaries of Bangladesh (ICSB) are managed by a Council consisting of thirteen elected members and five nominees of the Government. The major contribution of a Chartered Secretary is in the corporate sector. Chartered Secretary is a requisite qualification to become a Company Secretary. Company Secretary is an important professional, aiding the efficient management of the corporate sector. Company Secretary is a Statutory Officer under the Companies Act 1994. According to Bangladesh Securities and Exchange Commission (BSEC) all the listed companies should have a Company Secretary. Company Secretary is the compliance officer of the company, who has to interact, coordinate, integrate and cooperate with various other functional heads in a company. Mohammad Asad Ullah FCS M. Naseemul Hye FCS Md. Monirul Alam FCS Mohammad Bul Hasan FCS Mohammad Sanaullah FCS Itrat Husain FCS N.G. Chakraborty FCS Md. Shahid Farooqui FCS Md. Azizur Rahman FCS Md. Selim Reza FCS M. Nurul Alam FCS Hossain Sadat FCS A.T.M. Tahmiduzzaman ACS Md. Shawkat Ali Waresi Additional Secretary, GoB Md. Ekhlasur Rahman Joint Secretary, GoB Nasreen Begum Additional Secretary, GoB Prof. Md. Helal Uddin Nizami Commissioner, BSEC Bijon Kumar Baishya Registrar, RJSC, GoB
: : : : : : : : : : : : : : : : : :
President Senior Vice President Vice President Treasurer Councilor Councilor Councilor Councilor Councilor Councilor Councilor Councilor Councilor Councilor Councilor Councilor Councilor Councilor
Editor Itrat Husain FCS Members Mohammad Sanaullah FCS Md. Shahid Farooqui FCS Hossain Sadat FCS Feroz I. Faruque FCS Kazi Ashiqur Rahman FCS Member Secretary Md. Munirul Hoque ACS
Subscription Rate
For Students Others
: per copy Tk. 100; per year Tk. 350 : per copy Tk. 150; per year Tk. 560
THE CHARTERED SECRETARY April - June 2014
1
INSIDE The Council 2013-2016
3
Editorial
4
Message from the President
5
Institute News
7
ARTICLES
The views and opinions expressed in the articles published in this Journal are those of the writers only Published by The Institute of Chartered Secretaries of Bangladesh (ICSB) Office & Campus : Padma Life Tower (7th - 8th Floor) 115 Kazi Nazrul Islam Avenue Bangla Motor, Dhaka-1000. Phone : 880 2 933 4878, 933 9957, 934 9578 & 933 6901 Fax : 880 2 933 9957 E-mail : secretary@icsb.edu.bd, icsb@icsb.edu.bd Web : http://www.icsb.edu.bd
2
THE CHARTERED SECRETARY April - June 2014
Role of Chartered / Company Secretary in Corporate Governance Mohammad Sanaullah FCS
20
The Diversified Role of Company Secretary in Corporate Governance Prof Dr Feroz I. Faruque FCS DBA FCCE CPA CEPA(USA)
23
Aspiring Company Secretary in an Era of Corporate Governance Bipul Kumar Bhowmik FCS
26
Secretarial Audit: Essential for the development of sound corporate culture and good governance Mohammad Khasru Noman ACS
29
Notification
32
THE COUNCIL 2013-2016
THE CHARTERED SECRETARY April - June 2014
3