Bangladesh Bank has dissolved the board of National Bank after receiving a request from Bangladesh Securities and Exchange Commission (BSEC).
Today, the central bank issued an order to dissolve the existing board of the bank and formed a new board.
BB Spokesperson Md Mezbaul Haque confirmed the news saying the National Bank board has been dissolved in order to bring good governance in the bank.
The central bank's move come after Parveen Haque Sikder, a director of the commercial bank, wrote to the BSEC as she fears that the existing board may manipulate the next election of the bank's board of directors.
