Who benefits from bank directors’ tenure extension?
The directors of banks have been the main characters behind all the big banking scams unearthed in recent times in Bangladesh. Their arbitrary approach, tendency to build a family tree of bank directors, and their political influence have been the root cause of all the scams.
But the government has recently extended the tenure of bank directors from nine years to 12 years. How will the step affect the banking sector? Who will benefit the most from the tenure extension? Why did the tenure extension take place?
Today's Star Explains will try and answer these questions