Corporate Management Skills Are Required in All Business Enterprises

 

Governance plays a vital role in any modern democracies of the globe. I think there are some citizens of India and Bangladesh who are not well conversant with the above terminology. All around the globe the term governance is being attached due importance. Otherwise how will political and economic aspect being carried on. Though I mentioned about political governance but I wish to concentrate upon economic governance.  Especially in two nations of South Asian Subcontinent, India and Bangladesh, the above term stands of as paramount importance. 

Thus the said term, has been referred to as such, through which companies are governed and controlled. Board of directors with the support of senior managers are responsible to steer the companies to golden heights. This cannot be denied from logical point of view. In order to government corporate affairs in India and Bangladesh, we evince from close quarters, that there are various experts involved into the entire systems. In this regard, the role of Human Resource Development expert stands of as paramount importance. Now with the transition of global economy, management of corporate governance has changed. But how to manage the corporate world in both nations.

Thus the basic principles of corporate governance are as such, accountability, transparency, fairness, and responsibility cum risk management. The above principles of corporate governance is also closely associated with management of corporate governance in India and Bangladesh. Thus in the subsequent paragraph it is my humble task to find out how to manage corporate governance in the above stated nations.

India and Bangladesh might be sovereign and independent South Asian nations, but from corporate perspectives both nations are fully identical in nature. Basic psychology of corporate functioning is similar.   Thus some of the basic norms pertaining to my key focusing area are stated as such,

From the accountability aspect in India and Bangladesh, there should be emphasizing upon two prominent features, management groups of corporate houses should be accountable to board of directors. In the beginning I state about Indian perspectives.

Last but not the least, I state some of the major companies of India and Bangladesh. Thus major Indian companies are, Hindustan Unilever Limited, Procter and Gamble India, Glindia India Limited, Tata and Sons, Mahindra and Mahindra, L& T group, Reliance Industries Limited, Bajaj Group etc.

Major Bangladeshi companies are such, Unilever Bangladesh, Abul Khair Group, Agamee Prakashani, Alim Industries Limited, Amar Desh, Ananda Shipyard and Shipways, ATN Bangla etc.

Also different banks of India are stated as such, Bank of India, Bank of Baroda, Punjab National Bank, Punjab and Sind Bank, Bank of Maharashtra, HDFC Bank Limited, Axis Bank, Kotak Mahindra Bank, ICICI Bank, Yes Bank etc.

Different banks of Bangladesh are stated as such, Janata Bank Limited, Standard Chartered Bank, Sonali Bank, Islami Bank, Social Islami Bank etc.
My elite online readers might wonder that why I have stated names of banks in both nations. This is because like corporate bodies in India and Bangladesh, banks are also very much akin to former. Hence stated so. Rather banks are always regarded as custodian of economic and financial activities in both nations. This cannot be denied at all. Economists of India and Bangladesh are trying their level best to steer their respective nation to glaring heights.


Nasir Uddin Shah is a
Senior Economic Reporter
of The Asian Age.