Firms awarded for best corporate governance, financial reports
The Institute of Chartered Accountants of Bangladesh (ICAB) yesterday awarded 22 listed and non-listed companies for their extraordinary performance in corporate governance, integrated reporting and best presented annual reports for 2018.
Commerce Minister Tipu Munshi handed over the 19th ICAB National Award for Best Presented Annual Reports 2018 to the winners at an event at the Pan Pacific Sonargaon Hotel in Dhaka, where businessmen, exporters, importers, chartered accountants, and government high-ups were present.
The awards were given in 10 categories.
Bank Asia took home the top award in the private banks category and IDLC Finance and LankaBangla Finance were joint winners in the financial services sector.
Green Delta Insurance emerged as the top winner in the insurance category, British American Tobacco Bangladesh Company in the manufacturing category, Grameenphone in the communication and IT category, and Ghashful in the NGOs category.
Bangladesh Infrastructure Finance Fund Ltd won the top award in the public sector entities category and Golden Harvest Agro Industries Ltd in the agriculture category.
Southeast Bank clinched the top honour in the corporate governance disclosure category and IDLC Finance in the integrated reporting category.
Nine more entities received the certificates of merit. The overall winner was IDLC Finance.
The ICAB also hosted the Safa Best Presented Annual Report Awards and the Saarc Anniversary Award for Corporate Governance Disclosures 2018. The ICAB-nominated 24 Bangladeshi entities received awards and certificates of merit in different categories at the South Asian Federation of Accountants (Safa) Best Presented Annual Report Awards.
Brac Bank emerged as the overall winner in the private sector banks, including co-operative banks category at the Saarc Anniversary Award for Corporate Governance Disclosures.
The evaluation criteria of the Safa were followed in assessing the annual reports. Md Matiul Islam, chairman of Industrial and Infrastructure Development Finance Company, headed the jury board of the ICAB National awards.