BSEC appoints two independent directors to National Tea Company

The Bangladesh Securities and Exchange Commission (BSEC) has appointed two independent directors to National Tea Company, a firm listed on the stock exchange, in response to allegations of breaches of securities laws and investors.

According to a DSE report, National Tea Company violated the corporate governance code in its annual report. Several investors have also complained to the commission about these issues.

The commission has taken the decision to appoint the two independent directors with the aim of considering the interests of the investors and establishing good corporate governance of the company.

According to BSEC officials, a letter has been sent to the managing director of National Tea Company recently. The authorities of the Dhaka and Chittagong stock exchanges have also been informed about this.

The independent directors nominated in the National Tea Company are: Brigadier General Md Zahidur Rahman and Dhaka University’s professor of marketing department Dr Razia Begum.

They attended their first board of directors’ meeting held on a virtual platform on Wednesday.