36 companies receive the national ICAB award
Thirty-six entities received the national ICAB award for their best annual reports, integrated reports and information on corporate governance in 2020.
The Bangladesh Institute of Chartered Accountants (ICAB) today presented awards to the Pan Pacific Sonargaon Dhaka Hotel. Minister of Commerce Tipu Munshi presented the prizes to the winners.
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The prize was awarded in 14 different categories. Recognizing the first, second and third positions in each category, 11 entities which have reached a minimum score threshold receive the âCertificate of Meritâ.
Among the winners, IDLC Finance Limited became the big winner.
In the category of banking sector (private), Shahjalal Islami Bank Ltd won the first prize, BRAC Bank Limited and Bank Asia Limited became the joint second prize-winners and Mutual Trust Bank Limited became the third prize-winner.
In the category of financial services sector, IDLC Finance Limited won the first prize, Bangladesh Finance Ltd won the second prize while Delta Brac Housing Finance Corporation Ltd won the third prize.
In the manufacturing category, British American Tobacco (BD) Limited won the first prize, RAK Ceramic (Bangladesh) Ltd won the second prize while Reckitt Benckiser BD Ltd won the third prize.
In the electricity and energy sector, Summit Power Limited won the first prize while in the insurance sector, Reliance Insurance Ltd., Prime Insurance Co. Ltd. and Eastland Insurance Co Ltd. respectively won the first, second and third prize.
In the diversified holdings sector, ACI Limited won the first prize while Grameenphone Limited won the first prize in the Communication and Information Technology category.
Investment Corporation of Bangladesh (ICB) and Infrastructure Development Co. Ltd (IDCOL) won first and second prizes in the category of public sector entities.
SAJIDA Foundation and BRAC won the first and second prizes while Ghashful and Community Development Center (CODEC) became the third joint laureates in the non-governmental organization (NGO) or non-profit organization category.
Unique Hotel and Resorts Limited became the first prize winner in the service sector category while Golden Harvest Agro Industries Limited was the first prize winner in the agriculture category.
In corporate governance disclosure, Bank Asia Limited and Lanka Bangla Finance Ltd became the first prize winners, Shahjalal Islami Bank Ltd and IDLC Finance Ltd took the second prize, and Brac Bank Ltd became the third prize winner.
IDLC Finance Limited, LankaBangla Finance Ltd and Bank Asia become first, second and third place respectively in the integrated reporting category.
The other entities that received the Certificate of Merit were Uddipan, Southeast Bank Limited, Eastern Bank Limited, The City Bank Limited, Janata Bank Limited, Rupali Bank Limited, IPDC Finance Limited, Marico Bangladesh Limited, Orion Pharma Limited, MJL Bangladesh Ltd and Paramount Textiles Ltd.
Addressing the program, ICAB President Mahmudul Hasan Khusru said the role of ICAB is to promote, improve and improve the framework of financial statements and reports to reflect views fair entities to protect the interests of investors, government, stakeholders and other users. groups.
He said that the target of ICAB national awards for the best presented accounts and reports helps promote transparent reporting and adequate disclosures, through the application of accounting or financial and auditing standards, thus meeting expectations. stakeholders and at high levels of professional ethics.
This year, the ICAB and the Chairman of the Financial Statements and Published Reports Committee (RCPAR) received annual reports from 72 entities. However, the price for the infrastructure and construction category could not be taken into account due to a score below the threshold scores by the participating entities.