NBFIs asked to prepare clear guidelines for recruiting officials, employees
Non-bank financial institutions (NBFIs) have to draw up clear guidelines for overall human resource management including recruitment and promotion of employees and officials, says a central bank order.
In a circular, issued on Tuesday, the Bangladesh Bank said this initiative was taken to ensure good governance in financial institutions so that honest and skilled staff are appointed to posts.
According to the circular, the board of directors of NBFIs must approve a guideline for the head of Internal Control and Compliance (ICC), head of Customer Relationship Management (CRM), chief financial officer (CFO) and company secretary positions.
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The circular also states that one person cannot hold more than one post in the above-mentioned positions. In case of appointment to these posts, the central bank should be informed within 15 working days along with the appointees' resumes.
In addition, the Bangladesh Bank should be informed a month in advance if any official is to be removed from a position.
The educational qualification certificate and national identity card of all employed officials and employees must be verified and stored in documents.
In addition, educational qualification certificates and national identity cards of all the officials and employees, who are already working in the organisation, must be verified within the next six months.
Financial institutions shall convene a meeting of the board of directors to prepare this guideline and shall inform the central bank of the progress of compliance within two months, the circular added.
