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.
As my key focusing pertaining to this piece interests upon corporate governance. Especially in two nations of South Asian Sub-Continent, 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.
To talk about various ways on how to management corporate governance is also not an easy task to manage corporate governance properly. Somehow or rather it needs coordinated actions. Still I am aiming to focus upon different procedures of corporate governance in India and Bangladesh.
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,
Ensure corporate disciplines in India and Bangladesh.
Proper remuneration to be given to deserving corporate staffs.
Ensuring productivity among corporate personnel through proper motivation.
Though I have mentioned various ways to government houses in India and Bangladesh at the beginning. But the latest one is analyzed purely on practical aspects. Also from practical point of view, independence should be given to all corporate staffs so that productivity accelerates to high level.
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.
In India, the management should meticulously ensure that integration among employees should exist among different employees, trade union activities should be controlled in such a manner so that deviation in corporate operations are not jeopardized at all.
Ways of corporate governance in Bangladesh might be similar to that of neighboring India. But in some respects, there might be some difference. In the beginning my ways to analyze is to throw light about different types of companies in Bangladesh. These are stated as such, Sole proprietorship, Partnership, Limited Liability Company, Public Limited Company, Branch Office and Representative Office. Now coming to various ways to govern corporate houses in Bangladesh are as such. Principles and guidelines, regular training courses to be conducted for different corporate employees, there should be proper disciplines among all employees, team work should be properly strengthened, and board of directors should meet on regular basis so that organizations based in Bangladesh are run in methodical profitable and organized manners. There might be various other ways to govern corporate houses in both nations, but in these shortest possible time I am not getting any major thoughts pertaining to my piece.
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.
PR Biswas is a Senior Staff
Correspondent of The Asian Age.
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