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ICAB awards 22 entities for reporting excellence

  • Bizbd Report
  • Update Time : 10:05:07 pm, Tuesday, 10 September 2024
  • 84

The Institute of Chartered Accountants of Bangladesh on Tuesday honored 22 entities, both listed and non-listed, across 13 sectors.

These sectors include Private Sector Banks, Financial Services, Manufacturing, Power and Energy, Diversified Holdings, Insurance (General & Life), NGOs/NPOs, Communication and Information Technology, Public Sector, Service Sectors, Corporate Governance, and Integrated Reporting.

In addition to awarding gold, silver, and bronze positions in each sector, the ICAB also conferred ‘Merit’ awards to eight entities for achieving minimum threshold scores. Bank Asia PLC was named the overall winner.

The list of winners for the ICAB National Award for Best Presented Annual Reports, Integrated Reporting, and Corporate Governance Disclosures for 2023 was recommended by an 11-member Jury Board.

Finance adviser Salehuddin Ahmed, presented the awards as the chief guest.

Special guests included finance division secretary Md Khairuzzaman Mozumder, commerce secretary Md Selim Uddin, and National Board of Revenue chairman Md Abdur Rahman Khan.

ICAB president Mohammed Forkan Uddin delivered the welcome address, while Mohammed Humayun Kabir FCA, chairman of the Review Committee for Published Accounts and Reports, outlined the award evaluation process.

In Private Sector Banks, Bank Asia PLC and Shahjalal Islami Bank PLC became joint gold award winners while City Bank PLC became silver award winners and BRAC Bank PLC and United Commercial Bank PLC became joint bronze award winners.

In the Financial Services sector, IPDC Finance Limited became the gold award winner, and IDLC Finance PLC became the bronze award winner.

In Manufacturing sector, British American Tobacco Bangladesh Company Limited won the gold award, Walton Hi-Tech Industries PLC won silver award and Reckitt Benckiser (Bangladesh) PLC became bronze award winner.

In Power and Energy sector, United Power Generation & Distribution Company Ltd. became the silver award winner.

In Diversified Holdings sector, Advanced Chemical Industries Limited/ACI Limited won the bronze award.

In Insurance (General) sector, Green Delta Insurance Company Limited won gold award, Reliance Insurance Limited won silver award and City General Insurance Company Limited on bronze award.

In Insurance (Life) sector, National Life Insurance Company Limited became the bronze award winner.

In NGOs/NPOs sectors, SAJIDA Foundation won the silver award while Shakti Foundation for Disadvantaged Women won bronze award.

In Communication & IT sector, Robi Axiata Limited became the gold award winner, Grameenphone Ltd. silver award winner and Genex Infosys Limited became the bronze award winner.

In Service Sector, Unique Hotel & Resorts PLC won the bronze award.

In Corporate Governance, Bank Asia PLC became the gold award winner, Shahjalal Islami Bank PLC became the silver award winner and BRAC Bank PLC won the bronze award.

In Integrated Reporting, Bank Asia PLC and Shahjalal Islami Bank PLC became joint gold award winners, IDLC Finance PLC. won the silver award and BRAC Bank PLC won the bronze award.

Awards for the Infrastructure and Construction and Agriculture categories were not presented due to the participating entities not meeting the minimum threshold scores.

ICAB awards 22 entities for reporting excellence

Update Time : 10:05:07 pm, Tuesday, 10 September 2024

The Institute of Chartered Accountants of Bangladesh on Tuesday honored 22 entities, both listed and non-listed, across 13 sectors.

These sectors include Private Sector Banks, Financial Services, Manufacturing, Power and Energy, Diversified Holdings, Insurance (General & Life), NGOs/NPOs, Communication and Information Technology, Public Sector, Service Sectors, Corporate Governance, and Integrated Reporting.

In addition to awarding gold, silver, and bronze positions in each sector, the ICAB also conferred ‘Merit’ awards to eight entities for achieving minimum threshold scores. Bank Asia PLC was named the overall winner.

The list of winners for the ICAB National Award for Best Presented Annual Reports, Integrated Reporting, and Corporate Governance Disclosures for 2023 was recommended by an 11-member Jury Board.

Finance adviser Salehuddin Ahmed, presented the awards as the chief guest.

Special guests included finance division secretary Md Khairuzzaman Mozumder, commerce secretary Md Selim Uddin, and National Board of Revenue chairman Md Abdur Rahman Khan.

ICAB president Mohammed Forkan Uddin delivered the welcome address, while Mohammed Humayun Kabir FCA, chairman of the Review Committee for Published Accounts and Reports, outlined the award evaluation process.

In Private Sector Banks, Bank Asia PLC and Shahjalal Islami Bank PLC became joint gold award winners while City Bank PLC became silver award winners and BRAC Bank PLC and United Commercial Bank PLC became joint bronze award winners.

In the Financial Services sector, IPDC Finance Limited became the gold award winner, and IDLC Finance PLC became the bronze award winner.

In Manufacturing sector, British American Tobacco Bangladesh Company Limited won the gold award, Walton Hi-Tech Industries PLC won silver award and Reckitt Benckiser (Bangladesh) PLC became bronze award winner.

In Power and Energy sector, United Power Generation & Distribution Company Ltd. became the silver award winner.

In Diversified Holdings sector, Advanced Chemical Industries Limited/ACI Limited won the bronze award.

In Insurance (General) sector, Green Delta Insurance Company Limited won gold award, Reliance Insurance Limited won silver award and City General Insurance Company Limited on bronze award.

In Insurance (Life) sector, National Life Insurance Company Limited became the bronze award winner.

In NGOs/NPOs sectors, SAJIDA Foundation won the silver award while Shakti Foundation for Disadvantaged Women won bronze award.

In Communication & IT sector, Robi Axiata Limited became the gold award winner, Grameenphone Ltd. silver award winner and Genex Infosys Limited became the bronze award winner.

In Service Sector, Unique Hotel & Resorts PLC won the bronze award.

In Corporate Governance, Bank Asia PLC became the gold award winner, Shahjalal Islami Bank PLC became the silver award winner and BRAC Bank PLC won the bronze award.

In Integrated Reporting, Bank Asia PLC and Shahjalal Islami Bank PLC became joint gold award winners, IDLC Finance PLC. won the silver award and BRAC Bank PLC won the bronze award.

Awards for the Infrastructure and Construction and Agriculture categories were not presented due to the participating entities not meeting the minimum threshold scores.