Home ›› 19 Dec 2022 ›› Corporate
The Institute of Chartered Secretaries of Bangladesh (ICSB) has awarded 37 companies for outstanding corporate governance practices as well as transparency and accountability in overall management.
The 9th ICSB National Award for Corporate Governance Excellence 2021 was organised by ICSB at the Pan Pacific Sonargaon hotel in Dhaka on Saturday, said a press release.
It said the companies were mainly judged in terms of how perfectly they promoted corporate governance, transparency and accountability in overall management of their team during 2021 and the ensuring compliance of Corporate Governance Code of Bangladesh Securities and Exchange Commission. This year’s theme of the award was “Promoting Governing Excellence”.
Salman Fazlur Rahman, private industry and investment adviser to Prime Minister Sheikh Hasina, was the chief guest at the event where Planning Minister MA Mannan, Commerce Ministry Senior Secretary Tapan Kanti Ghosh were present as special guests.
They also distributed trophies and certificates to 37 winning companies under 12 categories who are listed with the Dhaka Stock Exchange and Chittagong Stock Exchange. Companies were recognised with awards in the Gold, Silver and Bronze categories, said the press release.
Eastern Bank Limited won the gold trophy in the general banking sector while Mercantile Bank Limited secured silver and BRAC Bank Limited bronze. Shahjalal Islami Bank Limited received the gold award in Islami Banking category.
DBH Finance PLC won the gold award in the non-banking financial institutions category while IDLC Finance Limited bagged silver and Bangladesh Finance Limited received bronze award.
In the General Insurance category, the gold trophy went to Green Delta Insurance Company Limited, the silver to Reliance Insurance Limited and Peoples Insurance Company Limited and the bronze to Sena Kallyan Insurance Company Limited and City General Insurance Company Limited.
In the life insurance category, Pragati Life Insurance Limited bagged gold award and National Life Insurance Company Limited received silver and Sandhani Life Insurance Company Limited the bronze trophy.
Beximco Pharmaceuticals Limited took home the top honour in the pharmaceuticals and chemical category Square Pharmaceuticals Limited won silver and Orion Pharma Limited bronze.
In the textile and RMG company category, Paramount Textile PLC bagged the gold, Matin Spinning Mills PLC got silver and Square Textiles Limited the bronze trophy.
Unilever Consumer Care Limited won gold, Golden Harvest Agro Industries Limited silver and Olympic Industries Limited bronze respectively in the food and allied company category.
Walton Hi-Tech Industries PLC got the gold trophy in the engineering category, Singer Bangladesh Limited silver and Runner Automobiles PLC bronze.
RAK Ceramics (Bangladesh) Limited and Marico Bangladesh Limited won the gold and LafargeHolcim Bangladesh Limited and Premier Cement Mills PLC bagged silver respectively in the manufacturing category, added the media statement.
In the fuel and power company category, United Power Generation and Distribution Company Limited secured gold, Summit Power Limited silver and Doreen Power Generations and Systems Limited received the bronze award.
Eastern Housing Limited won the top honour in the service company category while Unique Hotel and Resorts PLC bagged silver and Index Agro Industries Limited bronze.
Speaking at the event, Salman said that ICSB platform is also an opportunity for all eligible public listed companies in the country to see their corporate governance performance through an independent judgment. «I assure full cooperation from the government for the overall development of ICSB so that ICSB can play a more significant role in the future development of the country”, he said.
Mannan said, “The most important contribution of this event so far is creating awareness about good governance, transparency and accountability in corporate management.”
