| Popis: |
This thesis investigates the overall acceptance of the Code of Corporate Governance for Bangladesh by examining the level of acceptance and the factors influencing compliance. The study identifies the code provisions which are most and least complied with and examines the perceptions of different stakeholder groups relating to the barriers of good governance, the causes of non-compliance with the Code and the appropriate model of governance for Bangladesh. The study uses a questionnaire survey for the listed companies in Bangladesh and the semi-structured interview method with the stakeholder groups. The shareholder and the stakeholder theoretical perspectives are adopted to interpret the results. The findings suggest that the level of compliance amongst the sample companies is at a moderate level. However, the findings also indicate that the sample companies are following the regulatory provisions, and the Code is yet to be widely accepted by the companies. The corporate infrastructure of Bangladesh appears to be dysfunctional in most, if not all, aspects. Hence, the polarization of the shareholder and stakeholder perspectives is to some extent unrealistic in the case of Bangladesh; rather an appropriate model of governance is considered to be the one that prioritizes the needs and ability of the country. |
