ICAB Awards 28 Financial Outfits for Best Presented Annual Reports 2016

ICAB Awards 28 Financial Outfits for Best Presented Annual Reports 2016


The Institute of Chartered Accountants of Bangladesh (ICAB) distributed awards to listed and non listed 28 entities in 13 different categories including banks, financial services, insurance companies, manufacturing, ICT, non-governmental organisations (NGOs), public sector entities, agriculture, service sector, corporate governance, integrated reporting and diversified holdings for their best presented annual reports 2016. This year ICAB introduced a new category ‘Excellence in diversified Holdings. 8 Entities received Certificates of Merit.


ICAB organized the 17th ICAB National Award ceremony for Best Presented Annual Reports 2016 at a glittering event at the Pan Pacific Sonargaon Hotel on 25 November 2017. The Evaluation Criteria of the South Asian Federation of Accountants (SAFA) was followed in evaluating the annual reports. ICAB has been holding this event since 2001.

A six-member Jury Board chaired by Md. Matiul Islam reviewed the recommended list of Award Winners as well as Merit Certificate Winners. The other five members of the Jury Board were Former Advisors to Caretaker Govt. of Bangladesh, Prof. Wahiduddin Mahmud and Rokia Afzal Rahman , former Bangladesh Bank Governor Dr. Mohammed Farashuddin, Editor of the Financial Express A.H.M. Moazzem Hossain and former BSEC Chairman Faruq Ahmad Siddiqi.

Honourable Finance Minister AMA Muhith, MP was present as Chief Guest while Honorable Commerce Minister Tofail Ahmed, MP was present on the occasion as the Special Guest. Chairman of Financial Reporting Council(FRC) CQK Mustaq Ahmed, Comptroller and Auditor General of Bangladesh Masud Ahmed and Bangladesh Securities & Exchange Commission Chairman Prof. Dr. M Khairul Hossain were present as guests of honour. ICAB President Adeeb Hossain Khan FCA, Chairman of Review Committee for Published Accounts & Reports Parveen Mahmud FCA and a member of the Jury Board, Review Committee for Published Accounts & Reports Md. Matiul Islam FCA spoke on the occasion.

The three best annual reports selected under each award category will also be nominated by ICAB to compete in the SAFA forum in recognition of their excellence in financial disclosure. In the last year, Bangladesh secured 1st position in 5 categories: Private Banks, Financial Services, Public Sector Entities, NGOs and Corporate Governance among SAFA countries securing 10 awards.

In Banking Sector (Private) category BRAC Bank Limited secured first prize, Southeast Bank Limited and United Commercial Bank Limited became joint second prize winner, and Prime Bank Limited the third prize winner.
Only Janata Bank Limited became first prize winner in Banking Sector (Public) category. In category of Non-Banking Financial Institutions (NBFI) Lanka Bangla Finance Limited and IDLC Finance Limited were Joint first prize winners while IPDC Finance Limited was second and Union Capital Limited third.

In Manufacturing RAK Ceramics (Bangladesh) Limited and British American Tobacco BD Company Limited became Joint first prize winners, Orion Pharma Limited was second and GlaxoSmithKline Bangladesh Limited third.

In Manufacturing RAK Ceramics (Bangladesh) Limited and British American Tobacco BD Company Limited became Joint first prize winners, Orion Pharma Limited was second and GlaxoSmithKline Bangladesh Limited third.

Prime Insurance Company Limited became first prize winner, Green Delta Insurance Company Limited second and Reliance Insurance Limited third prize winner in Insurance category.

BRAC adjudged with first prize winner, Sajida Foundation second and Uddipan third prize winner in Non-Governmental Organization (NGO) category.

Only Grameenphone Limited was the first winner in Category of Communication and Information Technology. In Public Sector Entities category, Investment Corporation of Bangladesh became the first prize winner, Infrastructure Development Company Limited (IDCOL) second and Bangladesh Infrastructure Finance Fund Limited third prize winner.

Unique Hotel & Resorts Limited was first prize winner in category of Service Sector while Golden Harvest Agro Industries Limited was the first prize winner in category of Agriculture.

In Corporate Governance disclosures, Southeast Bank Limited got first prize while Islami Bank Bangladesh Limited received second and Bank Asia Limited the third prize.

In the category of Integrated Reporting IDLC Finance Limited received first, Green Delta Insurance Company Limited second and United Commercial Bank Limited was awarded the third prize.
 

 

 

 

 

 

 

 

Update Date : 26/11/2017

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