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A total of 22 business entities received ICAB National Award for Best Presented Annual Reports, Integrated Reporting, and Corporate Governance Disclosures on Tuesday.
The Institute of Chartered Accountants of Bangladesh (ICAB) awarded the listed and non-listed companies in 13 different sectors, including private sector banks, financial services sector, manufacturing, power and energy sector, diversified holdings, insurance (general & life), ngos/npos, communication and information technology, public sector, service sectors, corporate governance and integrated reporting.
Apart from recognising the gold, silver and bronze positions in each sector, "Merit" awards were conferred on eight entities that achieved minimum threshold scores.
Bank Asia PLC became the over-all winner.
An 11-member Jury Board recommended the winners for their best presented Annual Reports, Integrated Reporting, and Corporate Governance Disclosures-2023.
The ICAB-Review Committee for Published Accounts & Reports (RCPAR) received annual reports from a total of 76 entities.
Finance and Commerce Adviser Dr Salehuddin Ahmed handed over the awards to the winners.
Dr Md Khairuzzaman Mozumder, Secretary, Finance Division, Ministry of Finance; Md. Selim Uddin, Secretary, Ministry of Commerce; and Md. Abdur Rahman Khan, Secretary, Internal Resources Division, Ministry of Finance, and Chairman, National Board of Revenue (NBR), were present as special guests.
Distinguished Guests from different Ministries, trade bodies, regulators, stakeholders and award winning entities attended the ceremony.
ICAB President Mohammed Forkan Uddin delivered the address of welcome and the Chairman of Review Committee for Published Accounts & Reports Mohammed Humayun Kabir FCA spoke on the award evaluation process.
Winners of ICAB BPA awards:
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.
The awards for the Infrastructure and Construction, and Agriculture categories could not be considered because the participating entities scored below the threshold mark.