Reform body to propose business-friendly rules
The Regulatory Reform Commission (RRC) is preparing some proposals to reform the rules that are not investment friendly, Dr Akbar Ali Khan, chairman of Regulatory Reform Commission (RRC), said yesterday.
Regulatory terms and conditions that cause harassment for the business community should be modified, he said.
“Although it is necessary for the government to regulate the activities of businessmen, any sort of harassment in this regard may discourage their interest in business,” the RRC chairman said at a seminar titled 'Role of Regulatory bodies in ensuring good CG practices and in facing the challenges ahead'.
Bangladesh Enterprise Institute (BEI) organised the seminar in Dhaka as part of its five-day 'Corporate Governance Week 2008'.
“There are many official rules guiding and controlling business activities. People will get discouraged if the rules fail to secure the interest of businessmen,” the RRC chief added.
Farooq Sobhan, president of BEI, presided over the meeting, while YRK Reddi, founder and trustee of Academy of Corporate Governance India, and K Padmakumar, secretary, Government of Kerala, India, also spoke at the function.
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