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25 organisations receive 22nd ICAB National Award


25 organisations receive 22nd ICAB National Award

Twenty-five organisations have received the 22nd ICAB National Award for best presented Annual Reports, Integrated Reporting, and Corporate Governance Disclosures-2021. Listed and non-listed banks, non-bank financial institutions and other entities representing 16 different sectors were handed over the awards at a ceremony organised by the Institute of Chartered Accountants of Bangladesh (ICAB) at a city hotel on Saturday (Dec 4) evening.

The Institute of Chartered Accountants of Bangladesh (ICAB) has distributed awards to listed and non-listed 25 entities in 16 different sectors for their annual reports, integrated reporting and corporate governance disclosures-2021.

The awardees include 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 were awarded the "Certificate of Merit" on achieving minimum threshold scores. Among all the winners, Bank Asia Limited became the over-all winner.

An 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 handed over the awards to the winners at a gala event held at a city hotel on Saturday (Dec 3). Distinguished guests from different Ministries, trade bodies, regulators, stakeholders and awardees attended the ceremony, said a press release.

ICAB President Md. Shahadat Hossain delivered the address of welcome and the Chairman of Review Committee for Published Accounts & Reports Mohammed Humayun Kabir spoke on BPA awarding process.

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

Winners of ICAB BPA awards are:

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 LankaBangla 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.

Only Eastern Housing Ltd received certificate of merit in the category of infrastructure and construction.

In Insurance sector, Green Delta Insurance Ltd became first, Reliance Insurance Ltd second and City General Insurance Company Limited third winners respectively. Peoples Insurance Company Ltd received certificate of merit.

Communication & IT: Robi Axiata Limited became first prize winner and Grameenphone Limited became first runner-up. Only ACI Limited received certificate of merit in the diversified holdings category.

In Public Sector Entities category, Infrastructure Development Co. Ltd (IDCOL) became first, Investment Corporation of Bangladesh (ICB) second and Bangladesh Infrastructure Finance Ltd second runner-up winners.

BRAC secured the first prize, SAJIDA Foundation and Community Development Center became joint first runner-up, and Society for Social Service and Shakti Foundation for Disadvantaged Women became joint second runner-up in Non-Governmental Organization (NGO) category.

Only Unique Hotel & Resorts Limited received certificate of merit in category of Services Sector.

In Corporate Governance disclosures, Bank Asia Limited first prize winner; and Shahjalal Islami Bank Ltd and IDLC Finance Ltd joint first runner-up and LankaBangla Finance ltd, British American Tobacco Bangladesh Ltd and Mercantile Bank Limited became second runner-up. BRAC Bank Limited received certificate of merit.

Integrated Reporting category, IDLC Finance Limited and Bank Asia Limited became the joint first prize winners, Shahajalal Islami Bank Limited and British American Tobacco Bangladesh Limited joint first runner-up and Mercantile Bank ltd won the second runner-up. LankaBangla Finance Ltd received certificate of merit.

In the public sector banks category, only Janata Bank Limited and Sonali Bank Limited received certificates of merit.

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