Based on an official announcement by TBS News — Appointments.
Bangladesh has enacted new legislation permitting banks to sue directors and chief executive officers for damages caused by their actions or negligence.
The law strengthens banks' legal remedies against corporate leadership, addressing accountability gaps in the financial sector. This measure aims to protect depositor interests and improve corporate governance standards among financial institutions and their borrowers.
The legislation expands the scope of liability for senior management, establishing clearer pathways for banks to recover losses resulting from directorial misconduct, breach of fiduciary duty, or operational failures. The framework applies to both public and private sector banks operating in Bangladesh.
Source: TBS News — Appointments (https://news.google.com/rss/articles/CBMinwFBVV95cUxOekQzVUY5dzVKS0lRdVZiSWxBSW9yLS1seDhnWlNiTDFoNDJfZmoxSzI2YzJpOW9MTUZGRG5TS015b250RnhLR2ktX3hDSXVlQktFRGk3RHVUckszckxYdV9LMGlwZm8yUVREVTVsX05PNjdmcENiX1gwVUpBcWRIeXlkc2hwSGZKcjRvaHR6a21haWNyRmFKSTNSME53M0HSAaQBQVVfeXFMUDVncEllNUp1QXBlaHFycTAxVnpoU2Z6cWJfUVV6MDc3bHVxLW5Kb0xsY3JKTmZNV3Q5bnFMYnpnaDRqRGtVUWJ6LUhQQ3JnS196cEN4ako3UlNDcTlEZkNqLXZST2hkZmVlRzQ3VlNwV0ZKalJSak5mNlJZdkVKNmhLQXd2ODM4Sy1OMnJnOEdGWnhYUldIS3FGdWRfVlZWUXk3UzY?oc=5)
