GB governing body election process change opposed

GB governing body election process change opposed

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Elected representatives of Grameen Bank governing body on Friday deplored the government decision to change its governing body election system.   A statement issued by Grameen Bank director Tahasina Khatoon on Friday alleged that the government has decided to introduce the new system of election to the governing body with a motive to ‘destroy’ the bank. According to a circular issued by the government earlier this month, the Grameen Bank (Election of Director) Rules 2014 has replaced the Grameen Bank (Election of Directors) Rules 1987.   The new rules include provisions that a three-member committee appointed by Bangladesh Bank will oversee the election of nine borrower-directors from the grassroots. The remaining three members of the board, including its chairman, are elected by the government.   Tahsina, in her statement, noted that the new provisions give a political shape to the Grameen Bank governing body election.   She also added that the old system had ensured a fair election to the governing body through the election of representatives at different levels. “If the voting of about 83 lakh Grameen Bank members in its 2,500 centres are held simultaneously, it will create chaos,” she said. – UNB

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