Nobel Prize winning micro-credit lender Grameen Bank has sent a letter to Attorney General Mahbubey Alam, seeking his opinion about holding board meetings with its three government-appointed directors. The bank has been operating without calling any board meeting in the last 30 months. On September 24, Financial Institutions Division sent a letter to the bank, asking it to hold a board meeting with its three directors. Grameen Bank’s Board of Directors is a 12-member body comprising of three government-appointed directors and nine borrower-directors selected from the bank’s shareholders and borrowers. After the Grameen Bank Act 2013 came into effect, the nine borrower-directors were removed from their positions, which remain vacant to this day.

Source: Dhaka Tribune October 13, 2017 06:45 UTC