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.


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