Corporate Governance Reporting Style and Status by the Listed Companies in Dhaka Stock Exchange

Abstract

Corporate governance becomes a sensitive issue in recent days due to its perceived importance amid of bad governance. This decade witnessed a couple of corporate scandals that raises the necessity of more stringent code of corporate governance. In Bangladesh, the SEC requires every listed company to report their corporate governance status through a prescribed form. This paper targets to study the degree of compliance. In this regard, financial statement of all listed companies in Dhaka Stock Exchange for the year 2005 has been collected and a content analysis is done. The paper concludes a worrying result as the degree of compliance is very poor. Regulators need to rethink on this issue so that both quantity and quality of compliance can be improved.