Bangladesh Bank on Thursday asked the scheduled banks to prevent the presence of outsiders at the board meetings with a view to maintaining secrecy.
The central bank issued a notice in this regard on Thursday following leaking of ‘sensitive’ issues that were discussed at the board meetings of the banks due to the presence of outsiders.
The BB, however, does not mention in which banks such incidents have taken place.
The central bank came to know that outsiders, bank officers and shareholders were taking part in the board meetings and its supportive committees, the BB notice said.
As a result, confidential information was getting exposed, thus resulting in harm for depositors as well as for the banks.
To ensure the effectiveness of the notice, the central bank asked the managing directors of the banks to intimate the board on the BB instruction.
The central bank issued the notice as per section 45 of the Bank Company Act, 1991.