Reiterating his call to all concerned for not to
wasting public fund anymore, Adviser to the interim government on the
Ministries of Finance and Commerce Dr Salehuddin Ahmed today asked the
chartered secretaries to pursue transparency and accountability in their
operations to ensure good corporate governance.
“The work you (chartered secretaries) usually do is very important for
ensuring transparency and accountability in corporate governance and you must
pursue it,” he said.
The Finance Adviser was addressing the ’11th ICSB National Award for
Corporate Governance Excellence, 2023′ as the chief guest held at a city
hotel this evening.
Mentioning that the current interim government is worried to some extent over
the entire governance of the country including in the political and
economical front, he said such situation should be dealt with efficiency.
Reminding all concerned not to waste public fund unnecessarily, Dr Salehuddin
opined that many public fund was wasted unnecessarily in the past s
ince there
were no such transparency and accountability. “The role of ICSB is very much
important in this regard to ensure transparency and accountability in
corporate governance,”
He asked the chartered secretaries to work with more care and through ethical
practice to boost confidence over the companies by people so that those could
woe more local and foreign investment.
Alleging that rampant corruption and wastage of public fund happened in the
country over the years, the Adviser said they want to give a strong message
to the culprits that it would not be possible anymore to get clean chits
after committing corruption.
“Rather, punishment will be given to the corrupts following proper process to
avert reoccurrence of such incidents,” he said adding that they want to
remove the barriers which stand in the way of a potential Bangladesh.
The Adviser also asked the chartered secretaries to do their operations
through due diligence and thus unearth the corrupts and made them
accountable.
The In
stitute of Chartered Secretaries of Bangladesh (ICSB) awarded 41
companies at the event for their outstanding corporate governance practices
as well as transparency and accountability in overall management.
According to the fixed standards of ICSB, the companies were mainly judged in
terms of how perfectly they promoted corporate governance, transparency and
accountability in overall management of their team during the year 2023 and
ensuring compliance of Corporate Governance Code of Bangladesh Securities and
Exchange Commission (BSEC).
The theme of the award is ‘Promoting Governing Excellence’.
Khondoker Rashed Maqsood, Chairman of Bangladesh Securities and Exchange
Commission (BSEC), Dr Md Khairuzzaman Mozumder, Secretary, Finance Division,
Ministry of Finance, Md Selim Uddin, Secretary, Ministry of Commerce, Md
Abdur Rahman Khan, Secretary, Internal Resources Division and Chairman,
National Board of Revenue (NBR), spoke as special guests.
M Nurul Alam, Chairman of the Corporate Governance C
ommittee and Senior Vice
President of ICSB presided over the program.
Dr Salehuddin Ahmed, presented trophies and certificates to 41 winning
companies under 14 categories who are listed with the Dhaka Stock Exchange
PLC. and Chittagong Stock Exchange PLC. Companies were recognised with awards
in the Gold, Silver and Bronze categories.
Eastern Bank PLC won the Gold trophy in the General Banking category while
BRAC Bank PLC secured silver and City Bank PLC Bronze.
In Islami banking category no company was considered. IDLC Finance PLC won
the Gold award in the Non-Banking Financial Institutions category while IPDC
Finance PLC bagged Silver and DBH Finance PLC received Bronze award.
In the General Insurance category, the Gold trophy went to City Insurance PLC
the Silver to Green Delta Insurance PLC and the Bronze to Sena Insurance PLC.
In the Life Insurance category Pragati Life Insurance Limited bagged Silver
award and National Life Insurance PLC received Bronze trophy.
Square Pharmaceuticals PLC
took home the top honor in the Pharmaceuticals and
Chemical category. The IBN Sina Pharmaceutical Industry PLC won Silver and
The Acme Laboratories Limited and Navana Pharmaceuticals PLC both received
Bronze trophy.
In the Textile and RMG Company category Paramount Textile PLC bagged the
Gold, Matin Spinning Mills PLC got Silver and Square Textiles PLC and Shasha
Denims Limited both received Bronze trophy.
Unilever Consumer Care Limited won Gold, Olympic Industries Limited won
Silver and Agricultural Marketing Company Ltd received Bronze respectively in
the Food and Allied Company category.
IT Consultants PLC got the Gold trophy in the Information and Communication
Technology category, ADN Telecom Limited won Silver and BDCOM Online Limited
and Aamra Technologies Limited both received Bronze trophy. Walton Hi-Tech
Industries PLC got the Gold trophy in the engineering category, Singer
Bangladesh Limited won Silver and BSRM Steels Limited won Bronze trophy.
LafargeHolcim Bangladesh Ltd won the Go
ld, RAK Ceramics (Bangladesh) Limited
bagged won Silver and Index Agro Industries Limited and Marico Bangladesh
Limited both received Bronze trophy in the Manufacturing category.
In the Fuel and Power Company category, United Power Generation and
Distribution Company Ltd secured Gold, MJL Bangladesh PLC won Silver and
Linde Bangladesh Limited received Bronze trophy. Unique Hotel and Resorts PLC
won the top honor in the Service Company category while Eastern Housing
Limited bagged Silver.
In the Telecommunications category, Grameenphone Ltd. bagged Gold award and
Robi Axiata PLC received Silver and Bangladesh Submarine Cables PLC secured
Bronze trophy.
A K M Mushfiqur Rahman FCS, Vice President of ICSB shared the insights of
Corporate Governance Awarding Charter.
Mohammad Shafiqul Islam Bhuiyan, Council Member of ICSB delivered a vote of
thanks on behalf of the Institute.
The event was attended by dignitaries, government officials, professionals,
chairpersons, directors, managing directors,
and senior officials from the
country’s leading corporate houses, along with members of the Institute and
journalists.
Source: Bangladesh Sangbad Sangstha