25 entities achieve ICAB national award

Published : 03 Dec 2022 09:16 PM

The Institute of Chartered Accountants of Bangladesh (ICAB) distributed awards to listed and non-listed 25 entities in 16 different sectors including Public Sector Banks, Private Sector Banks, Financial Services Sector, Manufacturing, Power and Energy sector, Infrastructure and Construction, Insurance, Diversified holdings, Communication and Information Technology, Public Sector, NGOs, Service Sectors, Agriculture, Corporate Governance, Integrated Reporting and overall winner.

Apart from recognizing the first, second and third positions in each category, 17 entities which the “Certificate of Merit” on achieving minimum threshold scores. Among all the winners, Bank Asia Limited became the over-all winner.

A 11-member Jury Board chaired by Dr. Atiur Rahman, former governor Bangladesh Bank reviewed the recommended list of the winners of ICAB National Award for their best presented Annual Reports, Integrated Reporting, and Corporate Governance Disclosures -2021.  During the year, ICAB-RCPAR received annual reports from 88 entities. Award for Agriculture category could not be considered because of scoring lesser than threshold marks by the participating entities.

As the Chief Guest Commerce Minister Tipu Munshi, MP handed over the awards to the winners at a gala event on Monday at the Pan Pacific Sonargaon Hotel, Dhaka. Distinguished Guests from different Ministries, trade bodies, regulators, stakeholders and awardees attended the ceremony. ICAB President Md. Shahadat Hossain FCA delivered address of welcome and the Chairman of Review Committee for Published Accounts & Reports Mohammed Humayun Kabir FCA spoke on BPA awarding process.

From the winning companies, three best annual reports under each award sector will be nominated by ICAB to the SAFA BPA competition next year in recognition of their excellence in financial disclosure.

Winners of ICAB BPA awards:

In Banking Sector (Private) category, Bank Asia Limited and Shahjalal Islami Bank Ltd secured joint first prize, BRAC Bank Limited became first runner-up, and United Commercial Bank Limited and Mercantile Bank Limited became joint second runner-up. Jamuna Bank Ltd & Southeast Bank Limited received certificates of merit.

In the category of Financial Services Sector, IDLC Finance Limited won the first prize, Bangladesh Finance Ltd won the first runner-up while IPDC Finance Ltd won the second runner-up. DBH Finance Corporation Ltd and Lanka Bangla Finance Ltd received certificates of merit.

In Manufacturing category, British American Tobacco (BD) Limited won the first prize, Walton Hi-Tech Industries PLC won the first runner-up while Reckitt Benckiser BD Ltd won second runner-up. Merico Bangladesh Ltd, RAK Ceramics BD Ltd and Premier Cement Mills Ltd received certificates of merits.

In Power and Energy sector, only Summit Power Limited and United Power Gen. Distribution Company Ltd received certificates of merit.