Grameen

Aug 1, 2012 at 03:10 o\clock

Chairman empowered to pick MD - GB Ordinance-2012 endorsed

by: bangladesh   Keywords: Hasina, Cabinet

Chancellor Yunus DHAKA: The government has approved the draft Grameen Bank Ordinance-2012 (Amendment) with the provision of giving more authority to chairman in appointing managing director (MD).

The approval came from a cabinet meeting held at the Secretariat with Prime Minister Sheikh Hasina in the chair on Thursday.

Under the draft ordinance, the authority of the chairman has been increased and he will appoint managing director after consultation with selection board.

Prior to the approval, the Grameen Bank selection board has authority to choose the managing director.

Besides, the cabinet also questioned about the validity of holding MD post by Dr Muhammad Yunus after expiring job age 60 which fixed by the Supreme Court.

Apart from this, it queried about amount of money that Dr Yunus took from the bank as per his salary and allowance during his job period and its’ validity.

Department of Bank and Financial Institutions were asked to inform the cabinet regarding the matter.

The cabinet also questioned that how much money brought by Dr Yunus from abroad under Wage Earner during he was MD of the bank.

Whether the money bringing would be considered as illegal, its amount, whether any age earner tax facility took in bringing the money and how much it.

Internal Resources Department has been asked to look into the matter.

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