The university in collaboration with IFC-World Bank Group launched today, 9 April 2011 the new elective/major course in BBA major in Finance and Management, entitled: COROPORATE GOVERNANCE held in the auditorium of the university in jam-packed capacity. This course was developed with the assistance of IFC through various interventions such as training of two faculty members (department heads for Finance and Management), providing framework of the course contents, training materials, reference materials and continuous serving as resource person. This course can add value to the BBA students and an opportunity to respond to the demand for professional corporate governance graduates. It is interesting to note that IFC has given the privilege to AIUB only to offer the course. To add more prestige and importance to the launching, two executives of IFC came to serve as resource persons. Mr. Zakiullah Sayeed Munshi, Project Manager-Corporate Governance, IFC Advisory Services in South Asia-Sustainable Business Advisory, the person who was closely collaborating with the university for the development and offering of the course, discussed about the importance of corporate governance in the success of the companies in Bangladesh. He underscored the four factors that investors are considering about the companies in Bangladesh and these are: accountability, Fairness, Transparency and Responsibility. He also defined corporate governance as a set of relationships between company’s management, its board, its shareholders and other stakeholders. Mr. Zakiullah identified the key actors in continuum of interests, the shareowners, managers and directors. He distinguished corporate governance from other concepts for clarity, identified the responsible persons for governance: owners? management? regulators? and finally, he outlined the benefits derived from corporate governance. On the other hand, Ms. Lopa Rahman, consultant, Global Corporate Governance forum, IFC expounded on the three issues, namely: principles and theories of corporate governance; its relevance and the importance of the course to the future career of the students.
The Launching was opened by Prof. Dr. Charles C. Villanueva, Dean, Faculty of Business Administration. At the same time, he delivered an inspiring welcome message. He acknowledged the valuable support of IFC in enriching the Business Administration program of the university He also emphasized that all these efforts of offering new majors and courses are designed to meet the demands of the business and industry sectors, and in response to the challenge of international program evaluators to make the business programs development oriented and demand driven. Before the end of the seminar, Dr. Nisar Ahmed, Director, MBA/EMBA Program delivered the vote of thanks. He also assisted Dr. Villanueva in presenting the Certificates of Appreciation and University Souvenirs as gesture of thanks to the speakers. Dr. Dulal Miah, Head Department of Finance was the Master of Ceremony and facilitator of the entire program.