Dhaka, May 3 -- The Bangladesh Securities and Exchange Commission (BSEC) has directed listed companies that failed to appoint female independent directors in line with the Corporate Governance Code, 2018, to complete the appointments by June 30 this year.

The decision was disclosed on Sunday through a press release following a meeting held on April 29 with company secretaries of non-compliant listed firms at the commission's headquarters in Agargaon.

BSEC Executive Director Md Anwarul Islam presided over the meeting organised by the Corporate Governance Department.

According to the regulator, legal action will be taken against companies that fail to comply after the June 30 deadline.

BSEC said eligible candidates for the post may incl...