ICSB offered training on “Insurer Corporate Governance Guideline, 2023”

The Institute of Chartered Secretaries of Bangladesh (ICSB) offered training on ‘Insurer Corporate Governance Guideline, 2023 issued by Insurance Development and Regulatory Authority (IDRA)’ held on Saturday at a city hotel.

Mohammad Jainul Bari, Chairman of Insurance Development and Regulatory Authority (IDRA), graced the occasion as the chief guest, said a press release.

A good number of participants from various insurance companies, both from life and general insurance, attended the training program. The session was very interactive on the newly introduced guidance.

The training program was inaugurated by the President of ICSB, Mohammad Asad Ullah FCS, who attended as Session Chairman. He introduced the panel of learned resource persons for the training and welcomed all participants. In his inaugural speech, he focused on the importance of updated Corporate Governance Guideline for Insurance Companies. He briefly informed the audience about the history of ICSB and its activity.

He also mentioned that ICSB has a good number of competent professionals and 19 Chartered Secretaries Firms who can work with the Insurance companies regarding their compliance issues.

The training program was moderated by the Senior Vice President of ICSB M Nurul Alam FCS and presented a brief informative presentation on “Insurer Corporate Governance Guideline, 2023”.

In his presentation he discussed the background, main elements of CG structure, eligibility of Directors and Independent Directors, different issues for forming relevant committees, disclosures, related party transactions, whistleblowing policy, corporate governance related to annual compliance report, challenges, etc. (BSS)