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ICSB awards 43 companies for outstanding practices

Institute of Chartered Secretaries of Bangladesh (ICSB) has awarded 43 companies for their outstanding corporate governance practices as well as transparency and accountability in overall management. The 10th ICSB National Award for Corporate Governance Excellence, 2022 was organized by ICSB at the Radisson Blu Water Garden Hotel, Dhaka.

The companies were mainly judged in terms of how perfectly they promoted corporate governance, transparency and accountability in overall management of their team during the year 2022 and ensuring compliance of Corporate Governance Code of Bangladesh Securities and Exchange Commission (BSEC). The theme of the award was ‘Promoting Governing Excellence’.

Tipu Munshi, MP, Honorable Minister, Ministry of Commerce, Government of the People’s Republic of Bangladesh graced the occasion as the Chief Guest. Md. Nojibur Rahman, Chairman, Capital Market Stabilization Fund (CMSF) & Former Principal Secretary to the Hon’ble Prime Minister of Bangladesh and Tapan Kanti Ghosh, Senior Secretary, Ministry of Commerce, GoB were present as Special Guests. Mohammad Asad Ullah FCS, President, ICSB presided over the program. M Nurul Alam FCS, Senior Vice President, ICSB and Chairman, Corporate Governance Committee and senior officials of various organizations were also present.

The program’s Chief Guest Tipu Munshi, MP, Honorable Minister, Ministry of Commerce, GoB, Md. Nojibur Rahman, Chairman, Capital Market Stabilization Fund (CMSF) & Former Principal Secretary to the Hon’ble Prime Minister of Bangladesh and Tapan Kanti Ghosh, Senior Secretary, Ministry of Commerce, GoB presented trophies and certificates to 43 winning companies under 14 categories who are listed with the DSE and CSE. Companies were recognized with awards in the Gold, Silver, and Bronze categories.

Speaking at the event as a Chief Guest, Tipu Munshi MP, Minister, Ministry of Commerce, said, “This award is not only an emblem; but also a standard of corporate excellence in our country. In past decades ICSB has emerged itself as a trustworthy name in the area of corporate governance, which is really commendable.”

Addressing the event as a Special Guest Md. Nojibur Rahman, Chairman, Capital Market Stabilization Fund (CMSF) & Former Principal Secretary to the Hon’ble Prime Minister of Bangladesh said, “The most important contribution of this event so far is creating awareness about good governance, transparency and accountability in corporate management.”

Speaking at the event as a Special Guest Tapan Kanti Ghosh, Senior Secretary, Ministry of Commerce, said, “The role of Company Secretaries is very important to ensure governance in a company. ICSB is working to enhance the capability and creativity of the Chartered Secretaries in the business sector.”

The guests praised ICSB’s contribution in building governance and ensuring sustainable development in the business community of Bangladesh.

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