Premium Essay

Zahid

In:

Submitted By Muddasser
Words 5716
Pages 23
World Review of Business Research Vol. 2. No. 2. March 2012. Pp. 16 - 31

Corporate Governance-Its Problems & Prospects in Banking Industry in Bangladesh
Begum Ismat Ara Huq* and Mohammad Zahid Hossain Bhuiyan**
Corporate Governance ensures to bring transparency, accountability and professionalism in the management system of a corporate body that enhances the credibility and acceptability to the shareholders, employees, potential investors, customers, lenders, governments and all other stakeholders. This is more true in case of Banking Industry. Since Banks deal in public money, public confidence is of outmost importance in this Industry. The study aims at finding out problems & deficiencies involved in Corporate Governance practice in Banking Industry in Bangladesh and also suggesting ways and means to remove the same in order to make the Corporate Governance practice sound and effective. In this study, both the primary and secondary data were used. The primary data relating to problems involved in Corporate Governance practice and suggestions to remove the same were collected on the basis of a questionnaire by interviewing 24 randomly selected Bank personnel such as Directors of the Board as the internal part of management and the Auditors as the external group. The secondary data were collected through an extensive literature survey on the subject. The study has identified some major problems in Corporate Governance practice in the Banking Industry of the country. The prospect of Corporate Governance practice is bright in Banking Industry in the country as reported by the respondents if problems are removed by the concerned management of the Banks as well as Bangladesh Bank management as the guardian of commercial Banks.

Field of Research: Finance & Banking

1. Introduction
1.1 Statement of the Problem Corporate governance is the set of process, customs,

Similar Documents

Premium Essay

Mirza Zahid Baig

...Part A The authors examine the implications of the Solow model for convergence in the living standards, that is, for whether rich countries tend to grow slower than poor countries. The findings of the study indicate that the augmented Solow model can forecast accurately the rate of convergence of different countries while keeping the growth of population and capital accumulation constant. The authors states that two variables, that is, rates of saving and population growth of a country, can be used to determine the country’s steady-state level of income per capita. This model predicts that higher the rate of population growth of a country, poorer is the country and on the other hand, higher the rate of saving, richer is the country (Edward Gamber, 2006). Overall, the findings reported in this paper shows doubt on the recent style among the economists to abandon the Solow model growth in the favor of endogenous-growth models which assume steady or growing returns to scale in capital. The author argues about the fact that the predictions of the Solow model are firstly to an approximation, consistent with the evidence and by examining the current data for a large set of countries we also find that saving and population growth affect income the same way the Solow model predicted. Moreover, more than half of the country variation in income per capital can be explained by these two variables alone. And also it can be added that even the Solow model can predict the direction of effects...

Words: 1531 - Pages: 7

Free Essay

Analysis of Second-Hand Smoke - Ignored Implications

...Analyzing Second-hand Smoke – Ignored Implications by Dr. Zahid Naeem Jennifer L. Pendley Kaplan University Abstract The article by Dr. Zahid Naeem, Second-hand Smoke – Ignored Implications, targets an audience of parents and current smokers. The purpose of his article is to inform the audience of the dangers of second-hand smoke. Dr. Naeem uses multiple strategies to develop his key points within the article by effectively communicating the information to his audience. Analyzing Second-hand Smoke – Ignored Implications by Dr. Zahid Naeem Dr. Zahid Naeem’s article addresses the hazards of smoking and emphasizes the dangers of second-hand smoke. Dr. Naeem writes his article primarily to address parents of young children and current smokers by providing information in a statistical format. He quantifies the dangers that second-hand smoke poses to the physical health of those who come into contact with it. While a very informative article, one cannot overlook the slight element of persuasion used by Dr. Naeem to urge smokers, if not to quit smoking altogether, to at least be courteous to those who may be affected by second-hand smoke. Dr. Naeem’s article covering second-hand smoke can be summarized into three main ideas. The first point that Dr. Naeem articulates is the magnitude of complications that smoking and second-hand smoke can cause (Naeem, 2015, para 1). Secondly, Dr. Naeem expresses that second-hand smoke is every bit as hazardous as smoking is itself (Naeem, 2015...

Words: 597 - Pages: 3

Free Essay

Human Resource Managemenr

...of Management Sciences CIIT Islamabad Campus has arranged this ceremony for our undergraduate students. 3. It is also a great honor for all of us that Dr.Muhammad Zahid Iqbal Head, Department of Management Sciences give us his precious time for this ceremony. 4. I am also grateful to Dr. Khurram Mughal Incharge Undergraduate program and Dr. Asif Khurshid Mian Incharge graduate program. 5. With out there efforts it would not be possible for us to arrange this ceremony. So thank you very much for all of you. We will start the proceeding with the name of Allah I would like to invite Mr. for the recitation of Holy Quran Jizak Allah I would like to Invite Dr. Muhammad Zahid Iqbal Head of Department Management Sciences and Dr. Khurram Mughal Incharge Undergraduate program to please come on stage for the distribution of Certificates. (Clapping) 1. First of all I would like to call Shahroz Iqbal from MBA program to come on stage to collect merit certificate from Dr. Muhammad Zahid Iqbal 2. Second 3. Third Now I would like to invite students from BBA program to come on stage to collect certificates 1) ________________________ Further now inviting the students of BAF Now I will call upon he students of Lastly we will request Dr. Muhammad Zahid Iqbal to kindly share his views about this ceremony and also congratulate our successful students At the end of this ceremony, congratulations to all the successful...

Words: 323 - Pages: 2

Free Essay

The Religion of Man

...The Religion of Man Doyle W. Upchurch World Civilizations HIS 103 Jay Keever October 31, 2012 The Religion of Man Throughout time there have been different types of religions. There have been conflicts, battles and even wars, between families, clans and nations over religion. Religion has had a hand in changing the face of this world for millions of years and a hand in the development of nations. Religion has been and still is one of the most controversial subjects known to man. Paleolithic cave art was closely linked to the ‘conceptual discovery’ of the symbolic and religious world of primitive peoples. This denied any hint of symbolic and intellectual complexity among hunter-gatherers, made it impossible to fit such art within a ‘savage’ society. It was only when this idea of progress became more flexible, in parallel with the discovery and more precise definition of the symbolic–religious world of primitive people, that the prehistoric chronology of the parietal depictions could be accepted. (Eduardo Palacio-Perez, 2010) Prehistorians defined the decorated objects, as crafts, a ‘lesser art’ aimed at decoration, characteristic of traditional and primitive societies, in contrast with the ‘fine arts’ associated with the expression of the aesthetic ideals of civilized mankind. Clearly, with such a restricted conception of Paleolithic art, there was no room for the parietal depictions. However, does the key for the recognition of the age of cave art lie in the discovery...

Words: 2491 - Pages: 10

Free Essay

Societal

...Social Impact Paper: Hajj assisting the poor There are five pillars of Islam, we will engage with two of them: Hajj and Zakah. Ishaq Zahid describes the Hajj as “a pilgrimage to Mecca It is one of the five pillars of Islam. The Hajj was made obligatory in the 9th year of Hijra. The Holy Prophet sent off 300 Muslims under the leadership of Hazrat Abubakr Siddique (may Allah be pleased with him) to Mecca so that they could perform Hajj.” He further states,” This pilgrimage is an obligation only for those who are physically and financially able to do so. Nevertheless, over two million people go to Mecca each year from every corner of the globe providing a unique opportunity for those of different nations to meet one another.” Hajj has been made a pinnacle of worship in order that Muslims who gather to perform Hajj can praise their Lord and Master, be thankful for His blessings, and humbly pray to Him for the removal of their difficulties. Muslims living in various parts of the world get to know each other, lay the foundation of social culture, give advice to each other, and provide opportunity for collective struggle (Zahid).  Next we will examine another pillar, Zakah. This is the is the compulsory giving of a set proportion of one's wealth to charity. It is regarded as a type of worship and of self-purification. Zakah does not refer to charitable gifts given out of kindness or generosity, but to the systematic giving of 2.5% of one's wealth each year to benefit the...

Words: 721 - Pages: 3

Free Essay

Bba-Honors

...BBA MERIT LIST FOR BBA(Hons) Program FALL 2012 SEMESTER Ref No Name 1 ABDUL REHMAN 2 HESHAM NAEEM 3 SUMBAL EJAZ 4 MUHAMMAD ZAIN AKRAM 6 HAMMAD SHAHID 7 AWAIS-UL-HASSAN EJAZ 8 HASHIR ALI 9 MUHAMMAD SAAD SALEEM 10 NOUMAN FARRUKH 14 FARA SHABBIR 15 MUHAMMAD AHMAD LODHI 16 WAJID TALAL 17 MOHAMMAD SHAKIR KHAN 19 MOHSIN RIAZ 24 MAAZ NAZAR 25 MUHAMMAD SALMAN KHAN 27 ALI MAQSOOD 28 SEHBA FAYYAZ 30 SANA YAHYA 31 MUHAMMAD KAMRAN MANZOOR 32 HAFIZ JHANZAB ANJUM 33 ASLAM IRSHAD 34 MUHAMMAD SOHAIB ANWER 35 MUHAMMAD KHURRAM SAEED 42 HAMMAD SADDIQUE 43 SAAD DANIYAL MUSSADIQ 50 ABDUL WALEED BUTT 51 ZUBAIR TANVEER 52 SAJID KHALID 53 SULAIMAN DAWOOD 54 HUNAIN FAISAL 55 TAMOOR SADIQ 56 MUHAMMAD ABEER AZMAT 57 MUHAMMAD BILAL SAJJAD 58 HAFIZ MUHAMMAD ASHIR 61 MUHAMMAD MURAD NAWAZ 64 NAYAB MAZHAR 65 FAIZAN KHALID 66 ARBAAZ ALI KHAN 67 MUHAMMAD UZAIR UL HASSAN 68 KHISAL IFTIKHAR 70 HAMZA KHALID BUTT 74 FAREEHA NADEEM 75 ABAD HAYEE 78 NAMRA SOHAIL 79 ABEER JALEEL DAR 80 MUHAMMAD KHIZER ASHFAQ 81 USAMA AKMAL 85 TALAL QASIM 89 MUHAMMAD JUNAID 90 MUHAMMAD SAJID 92 MAHNOOR MURTAZA 93 YAMAN SHARIF 96 RASHID IQBAL 97 KHATIJA SHAFIQ 98 AMMAR 99 USMAN AZAM 101 SAYED MUHAMMAD ANAS ZAIDI 103 ABDUL RAHEEM QAZI 104 WAQAS NADEEM 107 AREEBA WASEEM 112 HAMID ALI 113 AYESHA SATTAR 115 JAHNZEB IQBAL 117 AIMAN 118 HUSSNAIN SAFDAR 120 DURRAB NADEEM 122 IRFAN SHAHID 125 SABA BAQAI 126 MUHAMMAD FARRUKH NAWAZ 127 ABDUL HASEEB 128 MUHAMMAD SOHAIB SHAFIQUE ...

Words: 3090 - Pages: 13

Free Essay

Adds

...People of sialkot are quite spendthrift they like to spend what they earn , they are three categories of people their first is the rich class white collar class , low income groups ,.the percentage of eich is higher then lower income group white color people amount to 2-3 percent of the population . people living in sialkot spend a lot of their heavy income in sialkot and bordering cities like lahore. The reasons for being spend thrift are complexity, easy and high income , seeing their forefathers as their role models . People in Sialkot prefer physical appearance and social status over entertainment, that’s what, distinguishes them from people in other cities of Pakistan. Due to lack of infrastructure the city still prefers branded clothing, automobile industry over entertainment and food. However the food the most of the population prefers is desk over other continental dishes. The whole city respects thee name of the forefathers the prototype industries, that’s the major source of inspiration ,Sialkot has produced many names Sialkot is the birthplace of the prominent scholar, philosopher and poet, Dr. Muhammad Iqbal, as well as the scholar and poet fail armed fail lkot. He was President of the International Court of Justice in Den Haag, Pakistan's first Foreign Minister and President of the UN-General Assembly. Shiva Kumar Batalvi was born in a Saraswat Brahmin family on 23 July 1936 (though a few documents related to him state October 7, 1937 as his DOB), in village Bara...

Words: 1794 - Pages: 8

Premium Essay

Carter

...MR. ZAHID RAFI, the General Manager of MUHAMMAD RAFI GARMENT INDUSTRIES (PVT) LTD, Lahore Pakistan was trying to implement a management information system. He was facing resistance from Mr. Kashif, his most senior Supervisor. MR. ZAHID RAFI wondered what he could do to overcome this resistance. Company Background Westward Exports was an exporter of ladies cotton garments. It was a private company established in 1971. It was a family run business and all four directors were brothers. Over the past fourteen years the exports of the company had grown from Rs. 0.71 million in 1972-73 to Rs. 59.76 million in 1984. Almost 90% of the exports went to USA. It owned no manufacturing facility of any kind. It purchased cotton cloth from six different textile mills and had the cloth dyed and printed. This fabric was then passed on to 138 stitching subcontractors. The company had been expanding the product line over the years and by 1983 it was exporting about one million garments in over one hundred basic designs. The 100 designs were presented in a large of fabric types, shades, designs and sizes. When seen in the context that the company had to get all these things done through subcontractors, the managerial control of the operations became quite challenging. The directors who had always been actively involved in each and every aspect of the business, and made all the decisions by themselves, felt the heat of changing situations. They appreciated the problem and decided...

Words: 852 - Pages: 4

Free Essay

Pengalaman Sufi Rumi

...PENGALAMAN DAN KARAKTERISTIK SUFISME JALALUDDIN RUMI Sufisme adalah suatu ilmu yang mempelajari cara bagaimana seorang muslim dapat berada sedekat mungkin dengan Allah Swt. Adapun kesadaran berada dekat dengan Tuhan dapat diambil dari berbagai bentuk sesuai dengan kondisi sufi itu sendiri. Yakni bisa berbentuk ma'rifah, mahabbah, ittihad, hulul maupun wihdah al-wujud. Untuk mencapai tujuannya, seorang sufi harus menempuh jalan panjang, di antaranya melalui al-zuhd, yaitu keadaan meninggalkan dunia dan hidup kematerian. Apabila dilihat dari luasnya wawasan dan tajamnya penglihatan pandangan seorang Jalaluddin Rumi, dari tema-tema universal yang diangkat dalam setiap baris karyanya dan dari cara mengungkapkan pikiran dalam bahasa puisi yang sarat simbol, tak dapat kita pungkiri bahwa bahwa Rumi adalah seorang yang jenius sebagaimana diungkapkan Erich Fromm: "Dua ratus tahun sebelum pemikiran humanisme renaisance, Rumi telah mendahului mengemukakan ide-ide tentang toleransi agama yang dapat ditemukan pada Erasmus dan Nicholas De Cusa, dan ide-ide tentang cinta sebagai tenaga kreatif yang fundamental sebagai yang dikemukakan oleh Facini... Rumi bukan saja seorang penyair dan mistikus (sufi) serta pendiri Tarekat; tetapi ia juga seorang manusia yang mengetahui secara mendalam tabiat-tabiat manusia.” Lalu bagaimana dengan pengalaman dan karakteristik sufi seorang Jalaluddin Rumi? Melalui syair-syair dan puisi yang ia tulis, sebagian orang menganggap ia sebagai pelopor yang menghidupkan...

Words: 1045 - Pages: 5

Premium Essay

Poverty and Family

...Poverty and Family: A threat to Marriage and Family happiness Poverty is one of the many factors contributing to severe problems faced by the world today. Causes of poverty are diverse but unemployment and wages below minimum are the most commonly known causes of poverty. It is unfortunate that some people inherit poverty, thus people born in particular social groups defined by race or location where poverty is prominent. Poverty is occurs on many levels and its effects are not only detrimental to individual families but to society as a whole. The effects of poverty on families are beyond measure. Noticeable effects of poverty on families include stress on bread-winners of the family and on children. Disease and inadequate parenting which is associated with numerous problems are also effects poverty noticeable in our everyday communities. Parents living under poverty conditions find it very hard to provide the basic needs such clothing, shelter and food needed for a decent living,” about 330,000 people, roughly the population of Windsor, turn to food banks every month in Ontario” (Par Health Nexus Santé). Economic hardships cause parents to think too much as they try to figure out possible ways of getting off their financial mess resulting in extensive stress. Anxiety and frustration due to failure to provide generates a sense of less self-worthy and causes sleepless nights to parents. Adults who find it difficult to bear the thought of failing to provide for their families...

Words: 1472 - Pages: 6

Premium Essay

Health Promotion

...Heath promotion as well-defined by the World Health Organization is the course of empowering individuals to upsurge control over, and to progress health. The theory of wellbeing advancement can be described as the art and science of serving individuals modify their life style attain a state of ideal health (Edelman and Mandle, 2010). This paper will present an integrative review upon the health promotion and its three stages of health prevention. The nursing roles and responsibilities sprouting in health promotion and the implementation of health will also be discussed in this paper. Purpose of Health promotion The goal of health promotion is to stimulate the health behavior of persons and societies and in same manner the physical and operational circumstances that affect their wellbeing. In other words, the aim of health promotion is to emphasis on “to focus on the person's potential for wellness and to encourage him or her to alter personal habits, lifestyle and environment in ways that will reduce risk and enhance health and will being (Smeltzer & Bare, 2006).” The chief motive of nursing in health promotion is to instruct inspire and support the patient to preserve an prevailing class of life by avoiding ailment, decelerating the advancement of a disorder or handling an sickness. Nursing Roles and Responsibilities Nurses have a significant impact in supporting community health. There have...

Words: 1190 - Pages: 5

Premium Essay

Poverty

...motion? Too often it is said, “Poverty is a choice, it’s their fault” and this could not be further from the truth. One of the most difficult issues around generational poverty is the way it is viewed by society and the other is the way political parties pass the buck back and forth. These views keep the issue stuck in the problematic zone, where no one is accountable and nothing can be done. (Search for Clarity and Truth. Pitts, S., Conservative. Kalamaya, R., Liberal.). So once the buck stops, if it stops at all, only then can the causes can be addressed. Where exactly does poverty stem from and what are the barriers that prevent people from escaping this inheritance? In his article “Poverty, Family Stress and Parenting”, Dr. Zahid Shahab Ahmed carefully describes, in depth, the challenges of poverty, its impacts and the cycle. The misconception that people who are in generational poverty...

Words: 1435 - Pages: 6

Free Essay

Busl100 Reference

...sustainable planet is living within the resources without affecting current and future environments. Similarly, Bruntland agrees that a sustainable planet is captivating a long-term view of how our actions affect others. I believe that it is an imaginary concept that hasn’t yet been achieved or aiming to achieve it. -------------------------------------------- [ 1 ]. AGLC: Dylan Klos, Reshad Nazar, ‘Prime Minister left the country’, The Australian (Sydney), 7 December 2012, 18. Unit Guide: D. Klos, R Nazar “Prime Minister left the country’ The Australian (Sydney) 7 December 2012 p. 18 [ 2 ]. Ibid 19, 23. [ 3 ]. AGLC: Carbon Tax Act 2008 (Cth) ss 14, 86 –89. Unit Guide: Carbon Tax Act 2008 (Cth) [ 4 ]. AGLC: James Zylas, Zahid Ross, ‘Doha fails to agree on climate change’, The Sydney Morning Herald, 16 January 2013, 12. Unit Guide: J. Zylas, Z Ross “Doha fails to agree on climate change’ The Sydney Morning Herald 16 January 2013 p.12 [ 5 ]. Ibid. [ 6 ]. Ibid 13—15. [ 7 ]. AGLC: Nanthan Loor, Pinning down the results of biodiversity (21 December 2012), ABC Unit Guide: N Loor ‘Pinning down the results of biodiversity’ 21 December...

Words: 312 - Pages: 2

Free Essay

Iqra University

...AHMED HUSSAIN SIDDIQUI Address: B-152, Gulshan-e-Hadeed, Phase-I, Bin Qasim, Karachi. Pakistan. Contact # 0092-322-2879246, 0092-21-34710307 E-mail: Ahmed.iu09@gmail.com, Ahmed.iu09@hotmail.com OBJECTIVE To work as a business executive in HR & finance dept in a highly challenging and working environment with growing oppurtunities of an organization, having culture of team work and excellent learning opportunities for individual and professional growth. QUALIFICATION • MBA (HR Management) BI-Major (FINANCE) IQRA University, Karachi. (28 courses covered) (Under Progress) last semester (Thesis) • Bachelors of Commerce University of Karachi. 2nd Division 2008 • Intermediate (Pre-Engineering) S.M. Science Govt Degree 2nd Division 2005 College, Karachi. • Matriculation (Science) Beacon House School System, “A” Grade 2002 Steel Town Branch, Karachi. WORK EXPERIENCE • Data base operator at AA flour mill (1- year) ...

Words: 288 - Pages: 2

Free Essay

Doc, Docx , Pdf , Wps , Odt

...Sidra Fatima 210-A, First Floor, Rafah-e-Aam Society, Malir Halt Karachi. +92-334-3017602 sidrafatima59@gmail.com Seeking a position within a multinational environment, where I can employ all my abilities and education and develop my career and management position. EDUCATIONAL QUALIFICATION ➢ MBA (Marketing) enrolled from Iqra University DHA Main Campus 2014 ➢ B.COM pass with 1ST DIVISION from University of Karachi in 2011 ➢ Pre-medical pass with 2nd DIVISION from Board of Intermediate Education Karachi in 2009 ➢ SSC pass with grade A from Board of Secondary Education in 2007 ACADEMIC CERTIFICATION ➢ Participated in CONFLICT MANAGEMENT WORKSHOP conducted by MR. ABDUL AHAD KHAN, Head of Training and Development, BURQUE CORPORATION, held at Iqra University Main campus. EXPERIENCE ➢ Worked as an assistant accountant in Education Trust Nasra School from Dec, 2012 to June, 2013. ➢ Worked as an assistant accountant in IJK Schooling System Malir Halt. SELECTED SKILLS ➢ GENERAL OFFICE: • Organized and implemented group activities in efficient manner. • Answered phones and took messages accurately. • Prepared reports and created documents using MS word. • Located desired information using internet. ➢ CUSTOMER SERVICES: • Welcomed customers and visitors in a friendly and courteous manner. • Provided customers and clients...

Words: 309 - Pages: 2