Economic Reporter :
Institute of Chartered Secretaries of Bangladesh (ICSB) President Mohammad Asad Ullah demanded for setting up a separate ministry of corporate affairs to provide precise service to about 1.5 lakh listed and many other non-listed companies.
The sector which has been contributing about 73 per cent to the country’s economy is being neglected in many ways. A separate ministry for corporate sector will help to boost up the country’s economy and increase revenue in a remarkable way., said the ICSB President while addressing at the 2nd ICSB National Award Program recently.
Twenty-eight listed companies were awarded for ‘Promoting Governance Excellence’ in 2014. This is the 2nd accolade for the country’s listed companies, presented by Institute of Chartered Secretaries of Bangladesh- ICSB.
He urged to update Companies Act- 1994 that was promulgated in line with Indian Companies Act 1956. India has already made hundreds of amendments on that act. They repealed their old companies Act and enacted new Companies Act 2013 catering to the present needs of business and commerce of the world. We have to do the so.
Finance Minister Abul Maal Abdul Muhith MP graced the occasion as the chief guest and handed over the awards to the winners.
The main motto of this year’s ICSB National Award was to encourage and promote governing excellence in the corporate sectors of Bangladesh, to motivate the business entities and their leaders to make further improvement in governance excellence and to facilitate corporate houses to be competitive in the global arena.
Addressing the event as chief guest, the Finance Minister said, ‘Good governance is important for every company. And Bangladesh Government are focusing on good governance, accountability and ensuring fairness at corporate sector. ICSB’s award will encourage the Chartered Secretaries for developing their professional activities, says Finance Minister. He urged the companies to share their profit for social welfare.’
The awards were given on ten different categories having three awards in each category. The categories were banking, non- banking financial institutions, insurance, pharmaceutical and chemicals, textile and RMG, food and allied, IT telecom and services, engineering, manufacturing, fuel and power. The award was given in three categories- gold, silver and bronze. e
Under banking category, Easter Bank LTD secured top position, followed by United Commercial Bank LTD and Social Islami Bank Ltd.
Among NBFI’s, Prime Finance and Investment Ltd got gold prize, while IDLC Finance Ltd secured second and Delta Brac Housing Finance Corporation third prize.
Institute of Chartered Secretaries of Bangladesh (ICSB) President Mohammad Asad Ullah demanded for setting up a separate ministry of corporate affairs to provide precise service to about 1.5 lakh listed and many other non-listed companies.
The sector which has been contributing about 73 per cent to the country’s economy is being neglected in many ways. A separate ministry for corporate sector will help to boost up the country’s economy and increase revenue in a remarkable way., said the ICSB President while addressing at the 2nd ICSB National Award Program recently.
Twenty-eight listed companies were awarded for ‘Promoting Governance Excellence’ in 2014. This is the 2nd accolade for the country’s listed companies, presented by Institute of Chartered Secretaries of Bangladesh- ICSB.
He urged to update Companies Act- 1994 that was promulgated in line with Indian Companies Act 1956. India has already made hundreds of amendments on that act. They repealed their old companies Act and enacted new Companies Act 2013 catering to the present needs of business and commerce of the world. We have to do the so.
Finance Minister Abul Maal Abdul Muhith MP graced the occasion as the chief guest and handed over the awards to the winners.
The main motto of this year’s ICSB National Award was to encourage and promote governing excellence in the corporate sectors of Bangladesh, to motivate the business entities and their leaders to make further improvement in governance excellence and to facilitate corporate houses to be competitive in the global arena.
Addressing the event as chief guest, the Finance Minister said, ‘Good governance is important for every company. And Bangladesh Government are focusing on good governance, accountability and ensuring fairness at corporate sector. ICSB’s award will encourage the Chartered Secretaries for developing their professional activities, says Finance Minister. He urged the companies to share their profit for social welfare.’
The awards were given on ten different categories having three awards in each category. The categories were banking, non- banking financial institutions, insurance, pharmaceutical and chemicals, textile and RMG, food and allied, IT telecom and services, engineering, manufacturing, fuel and power. The award was given in three categories- gold, silver and bronze. e
Under banking category, Easter Bank LTD secured top position, followed by United Commercial Bank LTD and Social Islami Bank Ltd.
Among NBFI’s, Prime Finance and Investment Ltd got gold prize, while IDLC Finance Ltd secured second and Delta Brac Housing Finance Corporation third prize.
