ICMAB awards best corporate players | The Daily Star
12:00 AM, January 13, 2013 / LAST MODIFIED: 12:00 AM, January 13, 2013

ICMAB awards best corporate players

Winners of ICMAB awards pose with Commerce Minister GM Quader, Chief of Naval Staff Vice Admiral Zahir Uddin Ahmed, Vice President of South Asian Federation of Accountants A Mannan and Award Selection Committee Chairman Muzaffar Ahmed at Ruposhi Bangla Hotel yesterday.Photo: STAR

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) yesterday awarded 49 companies for their efforts to establish corporate governance in their entities.
The ICMAB Best Corporate Award, now in its fourth year, recognises the country's best corporate enterprises and encourage others to adopt good corporate culture and management.
Commerce Minister GM Quader bestowed this year's awards at a ceremony held at Ruposhi Bangla Hotel in Dhaka.
Speaking as the chief guest, Quader said the awards would further encourage the recipients to foster professionalism in their fields of work.
"I hope their reports will reveal transparency of workplace and give direction to the companies. It is important to do professional work in a professional way."
The minister also said the cost and management accountants should call a spade a spade.
"They should say what is right and wrong. In this way, they will be able to help the organisations become transparent and practice good governance."
Janata Bank Ltd retained the top award in the state-run commercial bank category, while Agrani Bank and Rupali Bank came out second and third respectively.
Standard Chartered Bank, HSBC and Commercial Bank of Ceylon, too, retained their positions from last year in the foreign commercial bank category, coming in first, second and third respectively.
Habib Bank won a certificate of merit in the same category.
Islami Bank Bangladesh won the first prize in private commercial bank (Islamic operations) category, with Al-Arafah Islami Bank and Shahjalal Islami Bank filling in the next two spots.
EXIM Bank and Social Islami Bank won certificates of merit.
In the private commercial bank (traditional operation) category, Prime Bank retained its top position, followed by National Bank and Eastern Bank in the second and third positions respectively.
Bank Asia, Dhaka Bank, Dutch-Bangla Bank and One Bank also won certificates of merits.
Like the 2011 edition, IDLC Finance won the top award in the non-bank financial institution category, while Prime Finance & Investment and Delta Brac Housing Finance Corporation came in second and third.
In the same category, Uttara Finance and Investments and LankaBangla Finance won certificates of merit.
Reliance Insurance topped the general insurance category winners, to be followed by Pioneer Insurance and Green Delta Insurance.
Eastland Insurance, Phoenix Insurance, Bangladesh General Insurance and Prime Insurance were awarded certificates of merit.
Square Pharmaceuticals retain its top position in the pharmaceuticals category, followed by Beximco Pharmaceuticals in the second position and GlaxoSmithKline Bangladesh in third.
IBN Sina Pharmaceutical Industry and Advanced Chemical Industries won certificates of merit.
Summit Power won the top position in the power companies' category, while Barakatullah Electro Dynamics came second and Khulna Power third.
Power Grid Company of Bangladesh and Dhaka Power Distribution Company won certificates of merit.
In the multinational category, Berger Paints Bangladesh became first, followed by Marico Bangladesh and Bata Shoe Company Bangladesh Ltd in the second and third spots, while Singer Bangladesh was awarded a certificate of merit.
Bangladesh Submarine Cable Company became first in others' category. Khulna Shipyard and Investment Corporation of Bangladesh came second and third, while Aamra Technologies won a certificate of merit.
Prof Mamtaz Uddin Ahmed, president of ICMAB, Muzaffar Ahmed, who headed the award selection panel; Vice Admiral Zahir Uddin Ahmed, the chief of Naval Staff; and A Mannan, vice-president of South Asian Federation of Accountants, also spoke.

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