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Some directors may be removed from stock market: Shibly

Rtv news
|  12 Sep 2020, 20:49 | Update : 12 Sep 2020, 21:59
Some directors may be removed from stock market: Shibly
Shibly Rubayat-ul-Islam
Chairman of Bangladesh Securities and Exchange Commission (BSEC) Shibly Rubayat-ul-Islam said, the company directors who have less than 2 per cent shares in the stock market, have to leave their posts. We are disturbed about the role of independent directors. Decision will be taken in this regard very soon. In this way some directors may be removed.

He said these at a webinar as the chief guest on the current stock market and what to be done in future jointly organized by Bangladesh Merchants Bankers Association (BMBA) and Capital Market Journalist Forum (CMJF).

Shibly Rubayat-ul-Islam said, variation should be attained in the capital market. The market has to be extended. Daily one thousand crore taka transactions is not a big deal. Everybody has to work for taking the transactions up to 3 to 5 thousand crore taka.

He said, we have to try in a collective way to avert the problems in the stock market. Team work is needed to build a healthy, beautiful and transparent stock market. We seek cooperation from all including the stakeholders for the team work.

The BSEC Chairman said, security should be given to the investors. If we cannot provide security then why the investor would come to invest? But BSEC can do nothing alone. For this reason everybody should work together.


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