Nomination and Remuneration Committee To cultivate a good governance practice in the Company, the Nomination and Remuneration Committee (NRC) was formed as a sub-committee of the Board in compliance with the corporate governance code of Bangladesh Securities and Exchange Commission (BSEC). The Committee comprises three Directors including two Independent Directors. The requisite number of meetings was held during the year 2022-23. NRC assists the Board in formulating the nomination criteria or policy for determining qualifications, positive attributes and experiences related to the Company.
The NRC also assists the Board in formulating a policy for a formal and continued process of considering remuneration/ honorarium of Directors/Executive Directors and above hierarchy. The report of the Nomination and Remuneration Committee is stated in the page no. 140 of the Annual Report.