Pabna University of Science and Technology

Abstract

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Purpose: All stakeholders in a corporation extensively rely on corporate governance disclosures (CGD) because they help the concerned parties make financial decisions concerning the business itself. In Bangladesh, the Company Act 1994 and the Banking Company Act 1991 set specific rules and regulations regarding corporate governance, and the Securities and Exchange Commission (SEC) of Bangladesh advocates for the listed companies to abide by those statutes to guarantee fair and reliable corporate governance disclosures. The paper intends to be familiar with the checklists for CGDs in Bangladesh’s banking industry and clearly understand the same accordingly. Methodology: In conducting this study, the researchers adopted mixed method approach (both quantititative and qualitative method). Findings: The study finds insignificant practices of disclosing corporate governance information by Bangladeshi business institutions. Despite not being up to par, these practices are growing daily, and more Bangladeshi companies are following suit. Practical Implications: The current study can significantly help reduce financial scams in various industries, not just the banking industry, by determining the corporate governance disclosure index level. Originality: Although similar studies have been done previously, the present study sets the cornerstone work extension by highlighting the banking sector’s corporate governance disclosure index. Research Limitations: The present study’s focus is limited only to the banks listed with DSE. Based on the CG and its requirements, e.g., the BODs, CS, CFO, and IAH, and the fact that the external auditor and the audit committee can not assume specific roles, sample banks (30) have been contraste.