The Bangladesh Securities and Exchange Commission (BSEC) has appointed two independent directors at Keya Cosmetics to improve corporate governance in the company.

The newly appointed independent directors are: Pallabi Siddiqua, associate professor of the department of finance at the University of Dhaka, and Md Mesbah Uddin, associate professor of the department of management.

The BSEC already sent a letter to the company, Dhaka Stock Exchange, Chittagong Stock Exchange and Central Depository Bangladesh Ltd, informing of their appointment.

Keya Cosmetics was once a well-known soap maker but fell in trouble for many reasons and incurred loss, from which the company is now trying to rebound.

It disbursed 1 per cent cash dividends for the year that ended on June 30, 2020. Due to giving the dividend, the category of Keya Cosmetics stocks were upgraded to B category from Z category.

Stocks of Keya Cosmetics rose 1.3 per cent to close at Tk 7.60 at the Dhaka Stock Exchange yesterday.