Better corporate governance key to higher GDP growth: Mannan

Planning Minister MA Mannan yesterday said Bangladesh needs to improve corporate governance practices if it wants to maintain its high economic growth rate.

Bangladesh is one of the few countries that achieved millennium development goals faster than what was projected and will achieve sustainable development goals (SDGs) as well, he said.

“Our GDP has shown steady growth over the past couple of years and this fiscal year's target has been set at 7.8 percent,” said Mannan.

He was addressing a seminar on “SDGs: Private Sector's Roles and Challenges” organised by the Institute of Chartered Secretaries of Bangladesh (ICSB) at its office.

Mannan hoped that the ICSB would continue to work hard in producing competent and qualified professionals who would help to build a prosperous Bangladesh.

Mohammad Sanaullah, president of the ICSB, also emphasised the practice of good corporate governance by the private sector.

“Since Bangladesh will graduate to a middle income country, it needs to make progress in other critical areas, notably in good governance, rule of law and effective and independent institutions,” he said.

Mohammad Asad Ullah, immediate past president of the ICSB, presided over the seminar and Abul Kalam Azad, principal coordinator for SDG affairs at the Prime Minister's Office, presented a paper on the SDGs.

It was also addressed among others by Shafiul Islam Mohiuddin, president of the Federation of Bangladesh Chambers of Commerce and Industry; Nihad Kabir, president of the Metropolitan Chamber of Commerce & Industry, Dhaka; Shehzad Munim, president of the Foreign Investors' Chamber of Commerce & Industry, and Asif Ibrahim, former president of the Dhaka Chamber of Commerce & Industry.
Source: https://www.thedailystar.net

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