In this study, the chronological development of the Corporate Governance Guidelines (CGG) and Corporate Governance Code (CGC) examined to identify how much the Code has evolved over time. A comparative analysis between the CGG-2012 and CGC-2018 has also been conducted in the study to outline the latest changes. The study is exploratory and literature review-based in nature. Contemporary literatures were analyzed along with comparison of the CGG-2012 and CGC-2018 issued by the Bangladesh Securities and Exchange Commission (BSEC). Data was collected from various secondary sources. The study points out that the BSEC has followed a six-year interval pattern in the further development and modification of the corporate governance codes in Bangladesh. Also, it has been found out that in terms of the number of conditions in the code, the CGC-2018 is about 75 percent enhanced than CGG-2012. Previously, CGG-2012 was enhanced by more than 150 percent over the first guideline in 2006. CGC-2018 has introduced some crucial governance issues that were not present in the code before but there remain some areas that are yet to be addressed in the best-practices recommendations.

Abstract
1. Introduction
2. Literature Review
3. Chronological Development of the Corporate Governance Guidelines and Code
4. Comparison of the CGG(s) and CGC in Bangladesh
    4.1. Structure of the Guideline(s) and Code
    4.2. Broad Areas Covered in the Guideline(s) and Code
    4.3. Comparative Analysis between the CGG-2012 and CGC-2018
5. Requiring Areas further Improvement and Inclusion in the Code
6. Conclusion
References

• Ahmed Rizvan HASAN(Department of Accounting & Information Systems, University of Dhaka) Corresponding Author
• Shuvo HOWLADER(Post Graduate Student, Department of Accounting & Information Systems, University of Dhaka)