The High Court has postponed NRBC Bank’s annual general meeting following a writ petition alleging irregularities. The court also instructed the Bangladesh Securities Exchange Commission (BSEC) to explain why its senior officials should not oversee the AGM to ensure transparency. The meeting, planned as a hybrid event, faced scrutiny after sponsor shareholders raised concerns about transparency and shareholder presence. The petition highlighted previous AGMs’ limitations on shareholder participation via digital platforms. NRBC Bank’s current chairman and other respondents have been given four weeks to respond, and the AGM has been rescheduled to the end of the month pending court directives.
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