Best Corporate Awards-2014

ICMAB Best Corporate Awards-2014 held on 20 January 2015 at 6.30 p.m.  at the Pan Pacific Sonargaon Hotel, Dhaka where a total of 66 corporate entities won the awards for their outstanding performance especially in maintaining corporate governance.

Finance Minister Mr. Abul Maal A Muhith handed over the awards to the winners as the chief guest. Chairman of Bangladesh Securities and Exchange Commission (BSEC) M. Khairul Hossain was the special guest at the award giving ceremony, which was attended, among others, by ICMAB Vice-President and commissioner- BSEC Mr. Arif Khan FCMA, and chairman of Seminar and Conference Committee and past President of ICMAB Mr. Muzaffar Ahmed FCMA.

ICMAB recognized the corporate entities in 14 separate categories. Dutch-Bangla Bank Ltd. bagged the first award in the category of traditional private commercial banks while the Eastern Bank Ltd. and Dhaka Bank Ltd. won the second and third ones respectively. Among the Shariah principles-based private commercial banks, Islami Bank Bangladesh Ltd. (IBBL) garnered the first award while the second and third prizes went to Al-Arafah Islami Bank Ltd. and Export Import Bank of Bangladesh Ltd. respectively.

In the foreign commercial bank category, Standard Chartered Bank secured the first prize while The Hongkong and Shanghai Banking Corporation Ltd. the second one and Commercial Bank of Ceylon PLC the third.

Janata Bank Ltd. won the first award in the category of state-owned commercial banks while Agrani Bank Ltd. and Bangladesh Development Bank Ltd. were honored with the second and the thirds ones.

Among the non-banking financial institutions (NBFIs), Investment Corporation of Bangladesh received the first prize while Infrastructure Development Company Ltd. and Delta Brac Housing Finance Corporation Ltd. the second and third ones.

In the category of non-life insurance, Reliance Insurance Ltd. obtained the first award while second and third went to Green Delta Insurance Company Ltd. and Pioneer Insurance Company Ltd.

Square Pharmaceuticals Ltd. bagged the first award in the pharmaceuticals category while Beximco Pharmaceuticals Ltd. and GlaxoSmithKline Bangladesh Ltd. the second and third awards.

In the category of power generation, Summit Power Ltd. and Summit Purbanchol Power Company Ltd. garnered the first and the second awards respectively while Ashuganj Power Station Company Ltd. and Khulna Power Company Ltd. jointly got the third one.

Among the multinational companies, British American Tobacco Company Bangladesh Ltd. won the first award while the second and third ones went to Berger Paints Bangladesh Ltd. and Singer Bangladesh Ltd.

In the cement category, Heidelberg Cement Bangladesh Ltd. received the first prize while Lafarge Surma Cement Ltd. and M.I. Cement Factory Ltd. the second and third ones.

Saiham Textile Mills Ltd., Far East Knitting & Dyeing Industries Ltd. and Matin Spinning Mills Ltd. obtained the first, the second and the third awards respectively in the category of textile/garments.

Among the non-government organizations (NGOs), BRAC bagged the first prize while Dhaka Ahsania Mission and United Development Initiatives for Programmed Actions (UDDIPAN) the second and third ones respectively.

In the telecommunication sector, Grameenphone Ltd. obtained the first award while Banglalink Digital Communications Ltd. the second one.

Six companies won the award in the special category. These are Grameen Bank, Bangladesh Submarine Cable Company Ltd., Power Grid Company of Bangladesh Ltd., Khulna Shipyard Ltd., Dockyard and Engineering Works Ltd. and Dhaka Power Distribution Company Ltd.

Apart from the first, second and third award winners, a number of other corporate entities also received the certificate of merit awards in different categories. These companies are Southeast Bank Ltd., IFIC Bank Ltd. and Prime Bank Ltd. in the traditional private commercial banks category, while Social Islami Bank Ltd. and Shahjalal Islami Bank Ltd. are among the Shariah principles-based banks.

Such other entities are Eastland Insurance Company Ltd., Rupali Insurance Company Ltd. and Phoenix Insurance Company Ltd. in non-life insurance category, and Uttara Finance and Investments Ltd., LankaBangla Finance Ltd. and IDLC Finance Ltd. in the category of NBFIs.

Marico Bangladesh Ltd. and Bata Shoe Company (Bangladesh) Ltd. also got the certificate of merit awards among the multinational companies, while Khulna Power Company Ltd. and Barakatullah Electro Dynamics Ltd. in power generation category, and Renata Ltd., Advanced Chemical Industries Ltd. and The ACME Laboratories Ltd. in the pharmaceuticals sector.