Managing Director is the CEO of the Bank. The CEO and Board of Directors are jointly responsible for the management of the Bank. The Managing Director is responsible for day-to-day operations and in this respect observes the policy and directions of the Board of Directors. The day-to-day operations do not include measures which are unusual or extraordinary.Such measures are only taken by the Managing Director pursuant to special authorization from the Board of Directors

unless waiting for a decision from the Board of Directors would seriously disadvantage the operation of the Bank.In such cases, the Board of Directors is promptly notified of the measures.The Managing Director also ensures that Bank’s accounts and finances conform to applicable laws and accepted standards.Therefore, being empowered by the Board, Managing Director leads Management consisting of executives of the Bank. Management performs through several

committees headed by Managing Director comprising a number of executives of the Bank.The committees are MANCOM, ALCO and Basel Committee etc.Management exercises absolute power in respect of recruitment, posting and promotion of manpower in accordance with Bangladesh Bank’s guidelines.In addition, Board has delegated adequate administrative, business and financial power to Management for quick and efficient discharge of Bank’s activities.