![]() In Banking Sector (Private) category Shahjalal Islami Bank Ltd secured first prize, BRAC Bank Limited and Bank Asia Limited became joint second prize winners, and Mutual Trust Bank Limited became the third prize winner. ICAB president Mahmudul Hasan Khusru delivered welcome address and the chairman of review committee for published accounts and reports Mohammed Humayun Kabir spoke on the occasion. Recognising the first, second and third positions in each category, 11 entities which achieved a minimum threshold of scores are awarded the ‘Certificate of Merit.’Īmong the awardees, IDLC Finance Limited, one of the top non-bank financial institutions in the country, became the overall winner. ICAB has been holding this event since 2001 to inspire companies to prepare annual reports based on transparency.ĬQK Mustaq Ahmed, chairman of the Financial Reporting Council Mohammad Muslim Chowdhury, Comptroller and Auditor General of Bangladesh Abdur Rouf Talukder, finance secretary Md Ashadul Islam, financial institutions secretary Ajit Kumar Paul, additional secretary of the financial institutions division Dewan Nurul Islam, ICAB president and M Farhad Hussain, chairman of the review committee for published accounts and reports of the association, spoke.Commerce minister Tipu Munshi handed over the awards among the winners at an event at a city hotel in Dhaka, said a press release. The other eight members of the board were: former advisers to caretaker governments Wahiduddin Mahmud, Rokia Afzal Rahman, Rasheda K Chowdhury former Bangladesh Bank Governor Atiur Rahman former CAG Ahmed Ataul Hakeem Acting Editor of the Financial Express Shahiduzzaman Khan former chairman of the Bangladesh Securities and Exchange Commission Faruq Ahmad Siddiqi and Centre for Policy Dialogue Distinguished Fellow Mustafizur Rahman. The three best annual reports selected under each award category will be nominated by the ICAB to compete in the SAFA forum next year in recognition of their excellence in financial disclosure.Ī nine-member jury board chaired by M Matiul Islam, the country's first finance secretary, reviewed the recommended list of the winners for the award. The evaluation criteria of the South Asian Federation of Accountants (SAFA) were followed in evaluating the annual reports, the ICAB said in a statement. ![]() The ICAB, an autonomous body under the commerce ministry, regulates the profession of accountants in Bangladesh. Transparency also helps companies accountable.” Speaking at the ceremony, Muhith said: “Businesses depend on trust to expand. IDLC Finance, a non-bank financial institution, was the overall winner of the annual award for winning three honours.Įleven entities also received the certificates of merit. The second spot went to Brac Bank and the third jointly to Bank Asia and Islami Bank Bangladesh. ![]() In the integrated reporting category, IDLC Finance was recognised the best. LankaBangla Finance came second while British American Tobacco, Bank Asia and Green Delta Insurance were all adjudged third. Under the category of corporate governance disclosures, IDLC Finance topped the group. Golden Harvest Agro Industries won the award in the agriculture category. The Investment Corporation of Bangladesh was awarded the top honour in the public sector entities category, while Bangladesh Infrastructure Finance Fund came second and Infrastructure Development Company third. Grameenphone was the only firm in the communication and information technology category that was honoured.
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