ICMAB awards 66 companies for corporate governance
The Institute of Cost and Management Accountants of Bangladesh (ICMAB) yesterday honoured banks, non-banks, apparel companies, multinationals, pharmaceuticals, mobile operators and NGOs for their superlative corporate governance.
The ICMAB Best Corporate Awards 2014 were handed in 14 categories by Finance Minister AMA Muhith at the capital's Sonargaon Hotel.
Janata Bank bagged the top award in the state-run bank category; Agrani came second and Bangladesh Development Bank third.
Standard Chartered Bank won the top prize in the commercial bank category, with HSBC and Commercial Bank of Ceylon coming in second and third respectively.
Islami Bank Bangladesh was judged the best among the commercial Shariah-based banks; Al-Arafah Islami Bank was second and Exim Bank third.
State-run Investment Corporation of Bangladesh was first in the financial institution category, followed by Infrastructure Development Company and Delta Brac Housing.
In general insurance, Reliance Insurance won the first prize, with Green Delta Insurance and Pioneer coming in second and third respectively.
Nobel-winning Grameen Bank came in first in the 'special' category, in which Bangladesh Submarine Cable Company was second and Power Grid Company third.
Brac topped among the NGOs, while Dhaka Ahsania Mission got the second prize and Sajida Foundation the third.
In telecommunication, Grameenphone came in first and Banglalink second.
Square Pharma was judged first among the pharmaceuticals, and Summit Power won the top prize in electricity.
British American Tobacco Bangladesh topped the multinationals, with Berger Paints coming in second and Singer Bangladesh third.
HeidelbergCement Bangladesh was best among the manufacturers, while Lafarge Surma came second and MI Cement third.
In the textile sector, Saiham Textile came in first.
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