My Ssec Capstone Project There are several fundamental causes for the growing interest in corporate governance

There are several fundamental causes for the growing interest in corporate governance

There are several fundamental causes for the growing interest in corporate governance. If a bank remains failure to practice appropriate corporate governance within the institution, it may make the bank insolvent. People’s in the whole banking system is necessary for a proper economic improvement of the country. The principal to achieve and maintain the confidence of the people on banking industry is effective corporate governance practices (BCBS, 2006, February). There are about 64 banks from which 4 are commercial banks that owned by the states, 4 development financial institutions, 39 non-government commercial banks and 9 foreign commercial banks and other are the specialized banks over the country (BB, 2016). Banks play a significant role to assure sustainable economic development (having more than six percent gross domestic product) in last few decades in Bangladesh. So it is necessary to know about the influence on financial performance of banking industry of various factors.

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