The Board of Karnaphuli Insurance Co. Ltd. has been constituted with 15 Directors as on December 31, 2021 as per section 76(1) of Insurance act 2010 and notification of Bangladesh Securities and Exchange Commission. The Board of KICL is as follows:
Director
BOARD OF DIRECTORS COMMITTEE:
For ensuring good governance in the company the Board of Karnaphuli Insurance Co. Ltd. had establised Audit Committee and Nomination and Remuneration Committee as sub-committee of the Board.
AUDIT COMMITTEE:
The Audit Committee consisted 3 (three) members from the Board of Directors. One of the independent Directors the chairman of Audit Committee. Regular meetings are held as per requirement of regulatory authorities. Audit Committee follows the various guidelines, procedures, policies and directives of regulatory authorities to ensure better internal control.
- Mohammad Ahsan Ibne Kabir, Independent Director Chairman
- Nasir Uddin Ahmed, Director Member
- Riaz Uddin Ahmed, Director Member
NOMINATION AND REMUNERATION COMMITTEE:
In accordance with BSEC notification dated 03-06-2018 the Nomination and Remuneration Committee was formed on 20 October, 2018 as sub-committee of the Board. Independent Directors Mr. Md. Yousuf Ali Hawlader is Chairman. The Committee meet 02 (two) meetings in 2022. The Committee consisted the following members:
- Md. Yousuf Ali Howlader, Independent Director Chairman
- Nasir Uddin Ahmed, Director Member
- Mohammad Ahsan Ibne Kabir, Independent Director Member