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Promoting Corporate Governance

Bridging gap between business houses, media must

BDNEWS, Dhaka
Speakers at a roundtable yesterday stressed the need for identifying gaps between the corporate sector and media for initiating effective measures to bring the two players closer for better corporate governance.
Terming media as one of the most effective vehicles for reaching people and establishing transparency, the roundtable titled "Corporate Governance: Bridging Corporate Sector and Media" said media have been playing an important role in promoting good governance in thesociety.
Therefore, any ftinctional linkage between media and corporate sector directly and through efficient public relations (PR) or Mass Communications (MC) personnel can be instrumental in establishing good governance and safeguarding human rights.
Management and Resources
Development Initiative (MRDl) organised the roundtable with support from Manusher Jonno at a city hotel, which was participated by CEOs from RMG, leather and pharmaceuticals sectors, association leaders and newspaper editors.
Annisul Huq, president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), said the garment industry is under tremendous pressure now as international lobbies are asking for more and more compliance, but at the same time buyers are offering lower prices for products.
He said a country's state of economy, political environment and government policies dictate labour standards. He said some degree of irresponsible reporting is noticed because of a misunderstanding of the corporate sector, which indicates the need for a closer link between the media and tire corporate world.
He said the media and the corpo-
rate sector should shake hands to build thesociety in titelongrun.
Anis ud dowla, chairman of ACI Ltd, said journalists need training to better understand business issues. He said governance is not still properly in place in the corporate sector because of the nascent stage of industrialisation.
Fazlul Haque, president of Bangladesh Knitwear Manuf-acturers and Exporters Association (BKMFA), said more space in media is needed to promotecoiporatenews.
Moazzem Hossain, editor of The Financial Express, moderated the roundtable, which was also attended by Mahfuz Anam. editor of The Daily Star. Motiur Rahman, editor of the Prothom Alo, Bazlur Rahman, editor of the Sangbad, Shawkat Mahmud, city editor of the Amar Desh, Engr M Abu Thher, managing director of Fortuna Group, and Rasna Hassan, manager (corporate affairs) of Novartis (Bangladesh) Limited.