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The Financial Express

28 entities win ICSB National Award 2017

Corporate governance comes into sharp focus : Muhith

| Updated: November 15, 2018 14:23:39


FE file photo shows Finance Minister Abul Maal Abdul Muhith FE file photo shows Finance Minister Abul Maal Abdul Muhith

A total of 28 corporate entities from 11 categories have won the ICSB National Award 2017.

The awards were handed over to the respective companies at a programme held at a city hotel on Saturday.

In the 'banking companies' category, Eastern Bank Ltd won gold award, Southeast Bank Ltd bagged silver and Prime Bank Ltd got bronze.

In 'non-banking financial institution' category, IDLC Finance Ltd won gold award, Delta BRAC Housing Finance Corporation silver and Union Capital Ltd bronze.

In the 'insurance companies' category, Green Delta Insurance won gold, Prime Insurance Company Ltd silver and Phoenix Insurance Company Ltd bronze.

Awards were also given in the categories for pharmaceutical and chemical companies, textile and RMG, food and allied companies, telecoms, engineering, manufacturing, fuel and power and services.

Speaking on the occasion, Finance Minister AMA Muhith said efficient corporate governance is increasingly becoming important in today's business world.

Securities and Exchange Commission chairman Dr M Khairul Hossain said, "Corporate governance is a major determinant for stability and development of capital market."

"This year, we've converted the Corporate Governance Guideline into Corporate Governance Code. Under the code, chartered secretaries have to play a much bigger role in ensuring excellence in corporate governance."

AB Mirza Azizul Islam, chairman of the jury board of the ICSB National Award 2017, and Mohammad Sanaullah, president of the ICSB, also spoke.

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