Grameenphone Corporate Governance and Social

Responsibility
Abstract: This report emphasis on how Grameenphone maintain and practice their corporate
governance social responsibility. Grameenphone, widely abbreviated as GP, is the leading
telecommunications service provider in Bangladesh. As of January 2022, its current subscribers span
over 83.02 million. It is a joint venture between Telenor and Grameen Telecom Corporation. All the
information we will use for the report are collected from Grameenphone official website and others
authentic sources.

In telecommunication industry Grameenphone is market leader. As publicly traded company also

being a company all the company have to meet some criteria one of them is good governance which
is known as corporate governance. Also, every business has responsibility on society and
environment which is knows as corporate social responsibility. Now we will breakdown how
Grameenphone maintain their governance across the organization.

When a company consist of these all criteria including Clear Policies and Procedures, Board
Oversight, Transparency and Disclosure, Accountability, Stakeholder Engagement, Risk Management,
Ethical Conduct, Training and Development, Compliance with Laws and Regulations, Continuous
Improvement. Then, we can say that the company maintain their corporate governance. Form the
Grameenphone official website we can see that they maintain their corporate governance correctly.
Till 2021 Grameenphone has 11 Board member which meet the requirement of board member.
1. They have at least one-fifth (1/5) of the total number of independent directors.
2. Independent Director does not hold any share in the Company or holds less than one
percent (1%) shares of the total paid-up shares.
3. Independent Director is not a sponsor of the Company.
4. Independent Director is not a member or TREC,

They meet all the criteria.1

In terms of Grameenphone corporate governance

Grameenphone is actively addressing key aspects of corporate governance. Here's a summary of the
points you mentioned:

Board Structure and Independence:

The company meets the conditions related to the Board of Directors (BoD).
Independent directors are qualified and contribute to the independence of the board.
Transparency and Disclosure:
Grameenphone demonstrates transparency by regularly posting information on its official website.
Various types of information, such as financial reports, details about the Board of Directors, and
shareholder rights, are disclosed periodically.
Shareholder Rights:
The company maintains and posts all the rights of shareholders, providing this information in the
annual report.
These points suggest that Grameenphone is actively focused on transparency, disclosure, and
safeguarding shareholder rights, which are essential elements of good corporate governance.
1
Corporate Governance Compliance Status. (2021). Grameenphone.
Regular and accessible communication, along with adherence to regulatory requirements,
contributes to building trust and confidence among stakeholders. For more comprehensive insights,
it's advisable to review specific documents such as annual reports and governance guidelines on
Grameenphone's official website.

In terms of Grameenphone Social Responsibility

It's evident that Grameenphone is actively involved in various social responsibility initiatives. Here's a
summary of the key areas of focus:

Diversity, Equality, and Inclusion:

Grameenphone is actively working on promoting diversity, equality, and inclusion within its
organization. This could involve initiatives to ensure a diverse workforce, equal opportunities, and an
inclusive work environment.
Disaster Relief:
Grameenphone participates in disaster relief efforts by providing funds and volunteering during
times of crisis in the country. This demonstrates a commitment to social welfare and community
support.
Renewable Energy and Environmental Sustainability:
Grameenphone is focusing on renewable energy initiatives, such as the installation of solar panels,
and engaging in water recycling. These actions align with environmentally sustainable practices,
showcasing a commitment to reduce the company's environmental footprint.
Child Online Safety Program:
Grameenphone has launched a program addressing child online safety. This demonstrates a
commitment to protecting and educating children in the digital space, reflecting social responsibility
in the realm of technology and online interactions.

By engaging in these social responsibility initiatives, Grameenphone is contributing positively to the

communities it serves, promoting sustainable practices, and addressing important social issues.
These efforts not only benefit society but can also enhance the company's reputation and
stakeholder relationships. It would be beneficial to review detailed reports or case studies related to
these initiatives for a more in-depth understanding of the impact and scope of Grameenphone's
social responsibility efforts.

In conclusion, Grameenphone stands out as a leader in the telecommunications industry in

Bangladesh, not only due to its significant market share but also because of its commitment to
corporate governance and social responsibility. The company adheres to essential principles of good
governance, including a well-structured Board of Directors, transparent disclosure practices, and the
protection of shareholder rights. These elements contribute to a robust governance framework that
fosters trust and confidence among stakeholders.