Agency Problem and the Role of Audit Committee: Implications for Corporate Sector in Bangladesh

Muhammad Zahirul Islam, Mohammad Nazrul Islam, Sumon Bhattacharjee, A. K. M. Zahirul Islam

Abstract


This paper is an attempt to identify various agency relationships that may exist in the economic & business life & the related problems that may arise due to such relationships. Corporate governance is a burning issue now a day. We have witnessed a paradigm shift in the corporate governance practices in different countries where audit committee has been addressed and accepted as a striking force. Likely, audit committees in the corporate sector in Bangladesh have a formidable challenge of effectively overseeing the company’s financial reporting process in a dramatically changed but improperly regulated or unregulated corporate governance environment. It is also an effort to make a relationship between mitigating the agency problem and the role of audit committee in this respect.

Full Text: PDF DOI: 10.5539/ijef.v2n3p177

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This work is licensed under a Creative Commons Attribution 3.0 License.

International Journal of Economics and Finance  ISSN  1916-971X (Print) ISSN  1916-9728 (Online)

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