34 best companies bagged ICMAB Best Corporate Award 2018

‘Best Corporate Award 2018’, presented by the Institute of Cost and Management Accountants of Bangladesh (ICMAB) on 15 december, 2019 Sunday for performance in corporate governance goes to 34 organisations.

The ICMAB, at its flagship event organised a city hotel, honoured the organisations dividing in 12 categories after reviewing their performances based on respective annual reports.

Planning Minister M A Mannan addressed the award ceremony as the chief guest while Financial Reporting Council (FRC) chairman CQK Mustaq Ahmed, Commerce Secretary Dr Md Jafar Uddin, and Bangladesh Securities and Exchange Commission (BSEC) chairman Dr M Khairul Hossain spoke as special guests.

The 12 award categories were private commercial bank (general), private commercial bank (islamic), nationalised commercial bank, non-bank financial institution, general insurance, multinational company, power generation, miscellaneous trading, miscellaneous manufacturing, cement, textile, and pharmaceuticals manufacturing.

In the private commercial bank (general), Eastern Bank Limited secured the first position followed by BRAC Bank Limited and Dutch-Bangla Bank Limited.

Islami Bank Bangladesh Limited received the first prize under private commercial bank (islamic operation) while Al-Arafah Islami Bank Limited became second and EXIM Bank Limited third.

Sonali Bank Limited was the only recipient of the award under the category of nationalised commercial bank.
In non-bank financial institution, IDLC Finance Limited got the first position followed by IPDC Finance Limited and Delta Brac Housing Finance Corporation Limited.

Green Delta Insurance Company Limited bagged the first prize in general insurance category while Pioneer Insurance Company Limited got second position and Nitol Insurance Company Limited third position.

LafargeHolcim Bangladesh Limited adjudged the top cement manufacturing company while second prize went to HeidelbergCement Bangladesh Limited and third prize was given to Premier Cement Mills Limited.

In the category of textile manufacturing, Paramount Textile Limited secured the top position followed by Envoy Textiles Limited and Matin Spinning Mills.

Square Pharmaceuticals Limited received the ICMAB award being the first in pharmaceuticals manufacturing while Renata Limited got the second prize and Beximco Pharmaceuticals Limited third prize.

In multinational manufacturing industry, British American Tobacco Bangladesh Company Limited got the first prize while Berger Paints Bangladesh Limited became second and Linde Bangladesh Limited third.

In power generation category, Summit Power Limited bagged the first prize, Ashuganj Power Station Company Limited second prize and Doreen Power Generations and Systems Limited third prize.

Meghna Petroleum Limited was awarded the best in miscellaneous trading category followed by Padma Oil Company Limited and Eastern Lubricants Blenders Limited.

Olympic Industries Limited secured the top position in miscellaneous manufacturing category while Golden Harvest Agro Industries Limited got the second prize a RAK Ceramics Limited got the third prize.