Corporate Governance



Corporate Governance 
PRAN RFL: Statement of Commitment to Corporate Governance September 2018 
 
The company recognizes that PRAN/RFL was created and built by Maj. Gen. Amjad Khan Chowdhury and is currently led by his son, Mr. Ahsan Chowdhury the Chairman & CEO and his daughter, Mrs Uzma Chowdhury as Finance Director. Mr. Chowdhury and his family intend to retain effective control of the group over the medium term. Mrs. Seema Chowdhury wife of Mr. Ahsan Khan Chowdhury have been appointed as board member of PRAN and RFL to ensure governance practices within the company. Moreover, two daughters, Samia Chowdhury and Sameen Chowdhury have also been included in the board w.e.f: 30 May, 2021.

Mr Chowdhury and his family remain committed to the Mission Statement defined by Maj. Gen Amjad Khan Chowdhury: “Poverty and Hunger are curses. Our aim [is to promote] general employment and earn dignity and self-respect for our compatriots through profitable enterprises.”

While retaining control of PRAN/RFL, Mr. Chowdhury and his family are committed to leading a broad process that will strengthen the Corporate Governance policies and practices of the PRAN/RFL Group in a way that will bring benefits to the Group and its constituent businesses, its employees, its clients, its investors, other stakeholders, and also to its shareholders.


Creation of an Advisory Board/Board of Directors 
PRAN/RFL is committed to creating an Advisory Board, and in due course, a formal Board of Directors, that will provide high level guidance and oversight of the company’s operations. This Advisory Board will include Independent members as well as executives. 

The Advisory Board will have Terms of Reference. 

The Board will designate one of its members to lead oversight of Audit and Internal Controls, one of its members to lead oversight of HR, and one of its members to lead oversight of risks. Each of these designated members will present a short, written report at each board meeting, identifying priorities for action in the respective subject matter area. 

As the Advisory Board transitions into a more formal Board of Directors, an Audit Committee and an HR Committee will be created with two or three members.

 A well-qualified Corporate Secretary will provide administrative support and guidance to the Advisory Board and to the Board of Directors.


Clear Management Structures
PRAN/RFL recognizes that the role of an Advisory Board /Board of Directors is different from that of senior management. 

The Group is committed to creating clear management structures with logical reporting lines that are rooted in formal job descriptions. 

The Group recognizes that as it expands and adds new business lines and legal entities, management structures must evolve.


Strong internal controls
PRAN/RFL believes that strong internal controls will not only safeguard the company’s assets but that they will also make PRAN/RFL a better place to work because everyone will know what is expected of them and how their own work related to the work of those around them.

Everyone in a company is responsible for ensuring that internal controls are followed, but the internal audit department has a particular role to play: providing independent assurance to internal controls are effective and also providing expert guidance on how best to design and implement internal controls.

PRAN/RFL is committed to building a strong internal control department that operates independently of the business lines and reports directly to the Advisory Board/Board of Directors.

As part of this commitment to strong internal controls, PRAN/RFL is committed to having its legal entities audited by audit firms that have the highest reputation in Bangladesh and the region. For internal Audit issues, the findings been checked and reported by the Head of Internal Audit and reported to Audit Committee for publicly listed entities. Audit Committee, headed by an Independent Director, take it to the boards concern for their decision. 


Transparency
PRAN/RFL believes that being transparent about its ambitions and its performance will bring benefits to the Group. Externally, transparency will give greater assurance to clients, suppliers and investors that the company is on the right track. Internally, transparency will hold everyone to a high standard - it will ensure that what we do is what we say that we do. 


Within this overall view of transparency, the Group recognizes that confidential and competitive information must not be disclosed. All employees have an obligation to safeguard such information.

PRAN/RFL is committed to increasing the amount of information that it discloses about itself on its website.


Treating Shareholders Fairly
The Choudhury family holds the great majority of shares in most of the legal entities that comprise the PRAN/RFL group, but there are minority shareholders in many of the companies, and in two of them, there is a substantial proportion of shares traded publicly on the stock exchange. As the Group develops, it is reasonable to assume that the amount of money invested by minority shareholders will increase. 


PRAN/RFL recognizes that if it takes people’s money as investments it must treat those people fairly. Minority investors must be able to exercise any legal rights that they have (for example, to attend Annual Shareholders Meetings) and they must be given the information they need to monitor the performance of their investments.

Part of the work of the Advisory Board/Board of Directors will be to ensure that minority shareholders are being treated fairly

 
 
 
কর্পোরেট গভর্নেন্স: প্রাণ-আর এফ এল গ্রুপ
প্রতিশ্রুতি বিবৃতি, সেপ্টেম্বর ২০১৮
 

cÖvY-Avi Gd Gj MÖæc GB g‡g© cÖZ¨qb Ki‡Q †h, giûg †gRi †Rbv‡ij AvgRv` Lvb †PŠazix cÖvY-Avi Gd Gj MÖæc cÖwZôvZv wQ‡jb| eZ©gv‡b GB MÖæ‡ci †bZ„‡Z¡ i‡q‡Qb Zuvi czÎ Rbve Avnmvb Lvb †PŠazix whwb MÖæ‡ci †Pqvig¨vb I cÖavb wbe©vnx Kg©KZ©v (wmBI) wn‡m‡e Ges Zuvi Kb¨v wg‡mm DRgv †PŠazix whwb GB MÖæ‡ci cwiPvjK(A_©) wn‡m‡e Kg©iZ Av‡Qb| giûg †PŠazix I Zuvi cwievi ga¨eZ©x mgqKv‡j MÖæ‡ci Kvh©Ki wbqš¿Y eRvq ivL‡Z m‡Pó wQ‡jb|‡Kv¤úvbxi cÖvwZôvwbK mzkvmb Abzkxjb wbwðZK‡í Rbve Avnmvb Lvb †PŠazixi ¯¿x wg‡mm mxgv †PŠazix cÖvY I AviGdGj MÖæ‡ci cwiPvjK wnmv‡e wb‡qvM cÖvß n‡q‡Qb|


AwaKšÍ, Rbve †PŠazixi `zB Kb¨v mvwgqv †PŠazix Ges mvwgb †PŠazix‡KI cwiPvjbv cl©‡` AšÍ©f‚³ Kiv n‡q‡Q hv 30†k †g, 2021 Bs mvj †_‡K Kvh©Ki Kiv nq|


Rbve Avnmvb Lvb †PŠazix I Zuvi cwievi, giûg †gRi †Rbv‡ij AvgRv` Lvb †PŠazix KZ©„K wba©vwiZ eªZ I D‡Ï‡k¨i Dci cÖwZkªæwZe× Avi Zv n‡jv h_vµ‡g Ò`vwi`ª I ¶zav Rxe‡bi AwfkvcÓ Ges ÒjvfRbK e¨emvwqK Kvh©µ‡gi gva¨‡g Kg©ms¯’v‡bi mz‡hvM m„wóc‚e©K gvbz‡li gh©v`v I AvZ¥m¤§vb e„w× KivÓ|


GKwU Dc‡`óv cl©` / cwiPvjbv cl©` MVb

cÖvY-Avi Gd Gj MÖæc GKwU Dc‡`óv cl©` Ges h_vmg‡q GKwU mvaviY cwiPvjbv cl©` MV‡b cÖwZkªæwZe×, †h cl©` D”P ch©v‡qi wb‡`©wkKv Ges †Kv¤úvwbi Kvh©Kjvc¸‡jv ZË¡veav‡b w`K wb‡`©kbv cÖ`vb Ki‡e| GB Dc‡`ôv cl©` wKQz ¯^vaxb m`m¨ Ges wKQz wbe©vnx‡`i‡K AšÍf©z³ Ki‡e|


Dc‡`óv cl©‡`i wKQz †idv‡iÝ kZ©vejx _vK‡e 

cl©` Zvi m`m¨‡`i GKRb‡K AwWU/wbix¶v I Af¨šÍixY wbqš¿Y ZË¡veav‡b, GKRb‡K gvbe m¤ú` (GBP Avi) Gi ZË¡veav‡b Ges GKRb‡K SzuwK ZË¡veav‡b †bZ„Z¡ w`‡Z g‡bvbxZ Ki‡e| GB g‡bvbxZ m`m¨‡`i cÖ‡Z¨‡K cÖwZwU cl©` wgwUs‡q Zv‡`i mswkøó wel‡q Kg©Kv‡Ði AMÖvwaKvi mbv³ c‚e©K GKwU msw¶ß I wjwLZ wi‡cvU© †ck Ki‡e|


Dc‡`óv cl©`‡K GKvwaK AvbzôvwbK cwiPvjbv cl©‡`i g‡a¨ ¯’vbvšÍ‡ii †¶‡Î, `zB ev wZb m`m¨ wewkó GKwU AwWU KwgwU Ges GKwU gvbe m¤ú` (GBP Avi) KwgwU MVb Kiv n‡e| Zv Qvov, GKRb Dchz³ †hvM¨Zv m¤úbœ K‡c©v‡iU mwPe _vK‡eb whwb Dc‡`óv cl©` I cwiPvjbv cl©`‡K cÖkvmwbK mnvqZv Ges w`K wb‡`©kbv cÖ`vb Ki‡e|


e¨e¯’vcbv KvVv‡gv

cÖvY-AviGdGj MÖæc ¯^xKvi K‡i †h, GKRb Dc‡`óv cl©` / cwiPvjK cl©‡`i f‚wgKv wmwbqi g¨v‡bR‡g‡›Ui †P‡q wfbœ| GB MÖæc †hŠw³K cÖwZ‡e`b jvB‡bi mwnZ ¯úó e¨e¯’vcbv KvVv‡gv ˆZwi‡Z cÖwZkªæwZe× hv AvbzôvwbK Kv‡Ri eY©bvewj‡Z wjwce×| GB MÖæc ¯^xKvi K‡i †h, †h‡nZz GB cÖwZôvb bZzb e¨emvq we¯Í„wZ I AvBbx welqvewj‡K cÖwZwbqZ hz³ K‡i, d‡j e¨e¯’vcbv KvVv‡gv¸wj Aek¨B weKvk Ki‡Z n‡e|


kw³kvjx Af¨šÍixY wbqš¿Y

cÖvY-Avi Gd Gj MÖæc wek¦vm K‡i †h kw³kvjx Af¨šÍixY wbqš¿Y †Kej MÖæ‡ci m¤ú‡`i mzi¶vB Ki‡e bv eis Zv MÖæc †K AviI kw³kvjx AeKvVv‡gv w`‡e KvR Kivi Rb¨| Dciš‘ cÖ‡Z¨‡KB Rvb‡e Zv‡`i KvQ †_‡K Kx cÖZ¨vkv Kiv hvq Ges Zv‡`i wbR¯^ KvR¸wj Zv‡`i Pvicv‡ki gvbz‡li Kv‡Ri mv‡_ Kxfv‡e m¤úwK©Z|


GKwU †Kv¤úvwbi cÖ‡Z¨‡KB Af¨šÍixY wbqš¿Y¸‡jv cvjb wbwðZKi‡Y `vqe×, Z‡e Af¨šÍixY AwWU/wbix¶v wefvM‡K we‡kl f‚wgKv cvjb Ki‡Z n‡e| Avi Zv n‡jv, Af¨šÍixY wbqš¿Y Kvh©K‡i ¯^vaxb Avk¦vm Ges Zv wWRvBb I ev¯Íevq‡b h_vh_ wb‡`©kbv cÖ`vb Ki‡Z n‡e|


cÖvY-Avi Gd Gj MÖæc GKwU kw³kvjx Af¨šÍixY wbqš¿Y wefvM MV‡bi Rb¨ cÖwZkªæwZe× hv e¨emvhwK jvBb¸wji ¯^vaxbfv‡e cwiPvjbv K‡i Ges †m wefvM mivmwi Dc‡`óv cl©` / cwiPvjbv cl©‡`i Kv‡Q wi‡cvU© K‡i|


`„p Af¨šÍixY wbqš¿‡Yi GB cÖwZkªæwZi Ask wnmv‡e, †h AwWU dvg©¸‡jvi evsjv‡`‡k Ges AvÂwjK m‡e©v”P L¨vwZ i‡q‡Q †mB AwWU dvg©¸wj Øviv cÖvY- Avi Gd Gj MÖæc Gi AvBbMZmËv AwaKvix cÖwZôvb¸‡jv AwWU Kivi Rb¨ cÖwZkªæwZe× | Avi cÖ‡qvR‡b, AwWU dvg© cwieZ©b Kiv n‡e| Avf¨šÍixY wbixÿvi wel‡q wbixÿv wefv‡Mi cÖavb wbixÿv `j KZ„©K cÖ`Ë Z_¨ hvPvB Ges wbixÿv KwgwUi wbKU Dc¯’vvcb K‡ib| cieZx©‡Z GKRb ¯^Zš¿ cwiPvjK whwb wKbv wbixÿv KwgwUi †Pqvig¨vb, wZwb cwiPvjbv cwil‡`i `„wó‡MvPi K‡ib|


¯^”QZv

cÖvY-Avi Gd Gj MÖæc wek¦vm K‡i †h, cÖwZôv‡bi D”PvKvO&¶v Ges Kg©¶gZv m¤ú‡K© ¯^”Q nIqv MÖæ‡ci Rb¨ Kj¨vY e‡q Avb‡e| evwn¨Kfv‡et- Ò¯^”QZvÓ MÖvnK, mieivnKvix Ges wewb‡qvMKvix‡`i wbðqZv †`q †h †Kv¤úvwb mwVK c‡_ i‡q‡Q| Af¨šÍixYfv‡et-Ò¯^”QZvÓ mevB‡K D”P gvb`‡Ð ivL‡e Ges GwU wbwðZ Ki‡e †h, ÒAvgiv hv ewj ZvB Avgiv KwiÓ|


¯^”QZvi mvgwMÖK `„wófw½i †¶‡Î, MÖæc ¯^xKvi K‡i †h †Mvcbxq Ges cÖwZ‡hvwMZvg‚jK Z_¨ cÖKvk Kiv DwPZ bq| mKj Kg©Pvix‡`i Z‡_¨i †MvcbxqZv i¶v Kivi GKwU eva¨evaKZv Av‡Q|


cÖvY-Avi Gd Gj MÖæc Zvi I‡qemvB‡U cÖKvk Kiv Z‡_¨i cwigvY ewa©Z Ki‡Z cÖwZkªæwZe×|


শেয়ারহোল্ডারদের সাথে নিষ্ঠাপূর্ণ আচরণ

cÖvY-AviGdGj MÖæ‡ci †ewkifvM cÖwZôv‡b Rbve Avnmvb Lvb †PŠazix Ges Zuvi cwiev‡ii eû cwigv‡b †kqvi Av‡Q, Z‡e A‡bK †Kv¤úvbx‡Z msL¨vjNz †kqvi‡nvìviI i‡q‡Q Ges Zv‡`i g‡a¨ `z‡Uv cÖwZôv‡bi †ewki fvM †kqvi¸‡jv ÷K G·‡P‡Ä mve©Rbxbfv‡e †jb‡`b Kiv nq| cÖvY-AviGdGj MÖæcwU weKv‡ki mv‡_ mv‡_ GwU Abz‡gq †h, msL¨vjNz †kqvi‡nvìvi‡`i Øviv wewb‡qvM Kiv A‡_©i cwigvY e„w× cv‡e|


cÖvY-AviGdGj MÖæc ¯^xKvi K‡i †h, hw` †Kv¤úvwb wewb‡qvM wn‡m‡e Kv‡iv KvQ †_‡K A_© MÖnY K‡i Z‡e cÖwZôvb‡K Aek¨B †mB AvgvbZKvix‡`i m‡½ mZZvi mv‡_ †jb‡`b Kiv DwPZ|


msL¨vjNz wewb‡qvMKvix‡`i Aek¨B Zv‡`i †h‡Kv‡bv AvBwb AwaKvi Abzkxjb Ki‡Z m¶g nIqv DwPZ (D`vniY¯^iƒc, evwl©K †kqvi‡nvìvi‡`i wgwUs‡q AskMÖnY) Ges Zv‡`i wewb‡qv‡Mi Kvh©KvwiZv wbix¶‡Yi Rb¨ Zv‡`i cÖ‡qvRbxq Z_¨ Aek¨B w`‡Z n‡e|


Dc‡`óv cl©` / cwiPvjbv cl©‡`i Kv‡Ri Ask nj msL¨vjNz †kqvi‡nvìvi‡`i h_vh_fv‡e we‡ePbv Kiv n‡”Q wKbv Zv wbwðZ Kiv|