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9 directors oppose GB chairman's chosen people

Staff Correspondent
The chairman of Grameen Bank yesterday formed a selection committee to pick the managing director of the microcredit organisation amid strong opposition from nine directors.
Khondaker Muzammel Huq, chairman of the board, told The Daily Star that "the board has formed the selection committee."
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Tahsina Khatun, one of the directors, however, said the chairman placed four names at the board meeting, but the nine directors did not approve them.
No decision was made about the committee, she told this correspondent.
Asked whether the board approved the selection committee, Huq only said: "The board did not oppose it either."
The conflicting statements came as the nine borrower-directors of the Grameen Bank board protested the chairman's list of names as members of the selection committee.
They issued a statement to the media after the government-picked chairman refused to accept the selection committee they had been proposing since July last year.
Tahsina said the nine directors informed Huq of their decision in writing at a board meeting at Grameen Bank Bhaban in Dhaka.
"But the chairman declined to accept our decision although our decision is supposed to be accepted as we are the majority," she said in the statement.
“We protested his refusal at the board meeting.”
Huq said at the board meeting he placed the list of five names for the selection committee.
They are Barrister Shamsul Bari, UN secretary general's special representative to Somalia, Baqui Khalily, a professor of finance at Dhaka University, Shirin Sheikh Mainuddin, a banking expert, M Shah Alam Sarwar, a Grameen board member and also managing director of Trust
Bank Ltd and Tahsina.
But Tahsina said her name did not come up at the board meeting. The chairman placed four names and said that one of the nine borrower-directors would be the fifth member of the selection committee.
The nine directors, who are selected by the bank's 84 lakh members across the country, are the majority of the 13-member board.
Huq also said he would call the first meeting of the selection committee next week to inform them about their responsibilities.
"I would ask them to come up with three to five names for the post of the managing director in the next four to six weeks," he said.
The post of the managing director of Grameen Bank has been vacant since May last year when Prof Muhammad Yunus stepped down from the bank he founded more than three decades ago.
Tahsina said this was the fourth time they had placed their own proposal at the board meeting to form the selection committee.
On July 26 last year, the board formed a selection committee headed by Nobel Laureate Prof Yunus. At the following meeting of the board, the borrowerdirectors endorsed the same selection committee.
The other members of their selection committee are Akbar Ali Khan, a former caretaker government adviser, Khaled Shams, a former deputy managing director of Grameen Bank, Kamrul Hasan, a former member of Grameen Bank board and Tahsina.