A total of 40 companies listed on Dhaka Stock Exchange and Chittagong Stock Exchange have received the 8th ICSB National Award for corporate governance excellence 2020.
Institute of Chartered Secretaries of Bangladesh (ICSB) honoured the companies on Sunday night at a ceremony held at a city hotel.
The companies were selected for the award under 13 categories taking into account their corporate fairness, transparency and accountability in the overall management of their team during the year 2020.
Commerce minister Tipu Munshi, MP attended the programme as the chief guest while chairman of Bangladesh Securities and Exchange Commission (BSEC) Prof. Shibli Rubayat Ul Islam and the secretary of the ministry of commerce Tapan Kanti Ghosh were the special guests.
In his speech, the commerce minister Tipu Munshi said the importance of corporate governance is increasing day by day across the world.
"The government is committed to ensure the culture of corporate governance in the operations of listed companies," the minister said, while appreciating the role of the ICSB in creating awareness regarding corporate governance among the listed companies.
The BSEC chairman Prof. Shibli Rubayat Ul Islam said corporate governance plays a vital role for sustainable development of the stock market.
"The ICSB's award has earned a unique identity in the country's corporate sector. This award has been playing an important role in creating awareness among the listed companies to enhance their corporate governance," Prof. Islam said.
Among the awardees in the General Banking category, BRAC Bank achieved Gold while Eastern Bank and Dutch-Bangla Bank obtained Silver and Bronze respectively.
In the Islami Banking category, Shahjalal Islami Bank bagged Gold award while Islami Bank Bangladesh and Social Islami Bank received silver and bronze award respectively.
In the Non-Banking Financial Institutions category, Delta Brac Housing Finance Corporation achieved gold award while IDLC Finance and Bangladesh Finance & Investment Company obtained silver and bronze award respectively.
In General Insurance Companies category, Green Delta Insurance Company won gold award while Reliance Insurance and Prime Insurance Company bagged silver and bronze respectively.
In life insurance category, Pragati Life Insurance received gold award while National Life Insurance and Sonali Life Insurance won silver and bronze award respectively.
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