Corporate Governance Award ceremony will be an annual event

The 5th Annual General Meeting of Institute of Chartered Secretaries of Bangladesh (ICSB) was held recently at its office at Bangla Motor in the city.

The meeting was chaired by ICSB president Mohammad Asad Ullah FCS.

The ICSB president in his address tabled the Council Report of 2014 featuring 'remarkable achievements' for the Institute. He highlighted  some initiatives for arranging adequate fund from the government for the development activities of the Institute.

He also mentioned about holding of ICSB National Award for Corporate Governance Excellence-2013 on December 4, 2014 wherein Finance Minister A.M.A Muhith, MP, graced the occasion as Chief Guest and 15 listed companies were awarded for the successful accomplishment of corporate governance structure in their respective entities.

The ICSB president declared that ICSB National Award of Corporate Governance Excellence -2014 will be held with due importance sometime in last quarter of the year and this will be an annual event of ICSB.

Besides, ICSB also successfully held 5th National Convention and Convocation 2014 wherein Commerce Minister Tofail Ahmed, MP, and former commerce secretary & former chairman, Bangladesh Securities and Exchange Commission, Faruq Ahmad Siddiqi remained as Chief Guests respectively.

He disclosed that comprehensive proposal has been sent to the Ministry of Commerce for inclusion in the new Companies Act.  He further disclosed that Members Group Insurance Coverage has been implemented and ICSB Members Benevolent Fund has also been established with the Deed of Trust duly registered in the Sub- Registrar Office, Dhaka.

He urged upon the Members to contribute generously for Benevolent Fund so that major steps can be taken for the welfare of the Members.

He also mentioned about the initiative taken by the Institute for constructing a state-of-the art campus-cum-commercial complex at the purchased land at Aftab Nagar with Government's assistances.

The ICSB president in his report also highlighted on having more CPD Programmes for professional development and ensuring state-of-the art service to the students for academic pursuit.

He further mentioned that ICSB website has been upgraded and more official works have been brought under IT-enabled services to serve members better.

At the AGM, after the President's Report of the Council for 2014, Mohammad Bul Hassan FCS, Treasurer, placed a presentation on the Audited Accounts of the Institute for the year ended December 31, 2014. The members approved the Council Report and the Audited Accounts of the Institute.

A large number of members present in the meeting highly appreciated the performance of the Institute and congratulated the Council for working successfully.

They also put their valuable suggestions towards the development of the Institute. The Annual General Meeting was followed by a Doa-Mahfil and Iftar.