The newly developed guideline would contribute to improve trust among the insurance beneficiaries, said Mohammad Jainul Bari, Chairman of Insurance Development and Regulatory Authority (IDRA).
“The new guideline may be challenging for all Insurance companies but there is a scope to consult with IDRA, Joinul Bari added. He was addressing a training program on ‘Insurer Corporate Governance Guideline, 2023 issued by Insurance Development and Regulatory Authority (IDRA)’ held on Saturday at Holiday Inn Dhaka.
Institute of Chartered Secretaries of Bangladesh (ICSB) organized the training on Insurance Corporate Governance Guideline, 2023 issued by Insurance Development and Regulatory Authority (IDRA).
Mohammad Jainul Bari, attended the session as the Chief Guest while the training program was inaugurated by thePresident of ICSB Mohammad Asad Ullah FCS who attended as Session Chairman.
A good number of participants from various insurance companies both from life and general insurance attended the training program. The session was very interactive on the newly introduced Guideline. In his inaugural speech, he focusedon the importance of updated Corporate Governance Guideline for Insurance Companies.
He informed the audience about the history of ICSB and its activity. He also mentioned that, ICSB has a good number of competent professionals and 19 Chartered Secretaries Firms who can work with the Insurance companies regarding their compliance issues.
The training program was moderated by the Senior Vice President of ICSB M Nurul Alam FCS and presented a brief informative presentation on “Insurer Corporate Governance Guideline, 2023”.
In his presentation he discussed about background, main elements of CG structure, eligibilities of Directors and Independent Directors, different issues for forming relevant committees, disclosurers, related party transactions, whistle-blowing policy, corporate governance related annual compliance report, challenges, etc.
