25 organizations from 16 sectors received the ICAB National Award
25 organizations from 16 sectors have received the Institute of Chartered Accountants of Bangladesh (ICAB) National Award. ICAB has awarded these institutions for the best annual report they have presented, Integrated Report on Corporate Governance-2021.
ICAB said this in a press release. It is said that Bank Asia has been recognized as the best overall this year. Certificates of Merit were awarded to 16 organizations along with first, second and third prizes in each category. The reports of 88 organizations were considered to check the best annual reports. The 11-member jury board headed by former Bangladesh Bank Governor Atiur Rahman selects the best report. The annual reports of three institutions from each sector from among the winning institutions will be sent to the South Asian Federation of Accountants (SAFA) competition next year.
The award was presented at Hotel Sonargaon in the capital on Saturday. Commerce Minister Tipu Munshi as the chief guest handed over the prizes to the representatives of the winning companies. President of ICAB gave a welcome speech on the occasion. Shahadat Hossain. Chairman of Review Committee for Published Accounts and Reports of ICAB explained the process of determining the best report in the event. Humayun Kabir.
Janata Bank and Sonali Bank jointly received the Certificate of Merit in the Government Banking Sector category. Bank Asia and Shahjalal Islami Bank jointly received the first prize in the private banking sector category. In this category, BRAC Bank got the second prize, United Commercial Bank and Mercantile Bank jointly got the third prize and Jamuna Bank and Southeast Bank got Certificate of Merit.
IDLC Finance, Bangladesh Finance and APDC Finance received the first, second and third prizes respectively in the financial services sector. Delta Brack Housing (DBH) and Lankabangla Finance received Certificate of Merit.
In the manufacturing category, British America Tobacco Bangladesh got the first prize, Walton Hi-Tech Industries got the second prize and Racket Bankizer Bangladesh got the third prize. Marico Bangladesh, Rack Ceramics Bangladesh and Premier Cement Mills received Certificate of Merit.
In the power and energy sector, Summit Power and United Power Generation and Distribution Company received certificates of merit. Eastern Huerzing won the Certificate of Merit in the Infrastructure and Construction category.
Green Delta Insurance won first prize in insurance. Reliance Insurance and City General Insurance bagged the second and third prizes respectively. People’s Insurance receives Certificate of Merit.