Corporate Governance Practices in the Paint Industry of Bangladesh – A Case Study on Berger Paints Bangladesh Ltd. A H M Yeaseen Chowdhury 1* , Fariha Hassan 2 , Md. Mamun Habib 3 1,2 Faculty of Business Studies, Bangladesh University of Professionals, Bangladesh 2 Business graduate of Bangladesh University of Professionals, Bangladesh 3 BRAC Business School, BRAC University, Bangladesh Email: 1 yeaseenchy@bup.edu.bd, 3 mamunhabib@bracu.ac.bd Abstract. Corporate governance (CG) has attracted much attention among different stakeholders over past decades. Recent development in the corporate world has demanded the organizations to be more transparent and accountable. So it becomes imperative to have industry specific measurement for 'good corporate governance’ that leads to social legitimacy. Bangladesh Security and Exchange Commission (BSEC) issued a draft Report on CG Guidance for listed companies. The main objective of this research is to find out the current scenario of the paint industry of Bangladesh and the level of practices of CG in the industry. The data were collected from both primary and secondary sources. The major findings of the study involved the impact of CG on financial performance of the industry. It also involves stakeholder’s perception towards the inclusion of female and a young director in the board composition. The findings suggest for disclosing product wise performance in reports for more accountability and fairness for making investment decision. Keywords: Corporate governance, paint industry, board composition, product wise performance, BSEC. 1 Introduction CG received wide consideration in both practical and academic research. A good governance has been viewed as an essential element for improving the long term value of stakeholders in the business. Demands from speculators and others for more noteworthy responsibility from corporation prompt more effective capital markets. The BSEC is playing required role for improving CG practices in Bangladesh for reinforcing investor’s trust in the capital market. It is to be mentioned that the paint industry of Bangladesh is one of the most thriving sectors of the nation. CG allows companies to showcase their positive traits which are directly related to the framework of capital market. Gender and age diversity has not been considered as a developmental process for a very long time in Bangladesh. A board requires a diversity of skills, cultures, and views to make smart decisions with lasting impact for making the organization more effective. 1.1 Objectives of the Study The objectives of this study are as follows:  To study the current scenario of the paint industry of Bangladesh and how CG can promote the industry for investors.  To explore the relationship between Berger Paints Bangladesh Ltd.’s CG and organizational performance.  To identify the major changes in CGguideline of 2012 from 2017 proposal. 1.2 Research Questions In order to satisfy the research objectives, following few research questions have been developed: Q1: Is gender diversity in board of directors accepted by people in Bangladeshi context? Q2: Does age influence the inclusion of young director in board composition? 32 Frontiers in Management Research, Vol. 4, No. 2, April 2020 https://dx.doi.org/10.22606/fmr.2020.42002 FMR Copyright © 2020 Isaac Scientific Publishing