Thrust on proper compliance of securities rules

Express (August 1, 2011)

The Securities and Exchange Commission (SEC) Chairman Professor M Khairul Hossain said the accountability of listed companies will be increased through the operations of DSE's new wing---'Corporate Governance and Financial Reporting Compliance (CGFRC)'.

Mr. Hossain said this Sunday after the inauguration session of CGFRC, which formally started its operation on the day.

"The introduction of CGFRC wing is very new in the country's stock market, despite it has crossed a long way. However, this wing will help DSE to ensure transparency of listed companies," Mr. Hossain said.

He said the listed companies will be more benefited through proper compliance of securities rules in their financial statements.

"The non-listed companies with good fundamentals will be inspired to go public following the benefits of listed companies. In this case, CGFRC can play an important role," SEC chairman said.

He also said the importance of companies' financial disclosures will be increased if they properly follow accounting standards in financial statements.

Three SEC members---Professor Helal Uddin Nizami, Md. Amzad Hossain and Arif Khan, DSE President Shakil Rizvi and senior vice president Ahsanul Islam Titu were present at the inauguration session of CGFRC.