Institute of Chartered Secretaries of Bangladesh
A Statutory Body under an Act of Parliament
Administrative Ministry: Ministry of Commerce, Government of the People's Republic of Bangladesh
ICSB is a Member of Corporate Secretaries International Association (CSIA), based in Hong Kong which is the global voice of Corporate Governance and the Corporate Governance Excellence Award, initiated by ICSB, is a commendable step forward and will remain as a milestone in the records of the Corporate Governance history of Bangladesh.
ICSB organizing Corporate Governance Excellence Award every year starting from 2014. A large number of distinguished personalities from the corporate sector were present on those occasions. Honorable Commerce Minister, Honorable Finance Minister, Honorable Planning Minister, Honorable BSEC Chairman, Honorable NBR Chairman, Senior Secretaries of Different Ministries of the Government of the People's Republic of Bangladesh and other distinguished personalities graced the occasion.
The Institute is leading with key measures to promote and facilitate good governance in the Corporate Sector of the country. These key measures include Continuing Professional Development (CPD), training, developing professional standards and facilitating and formulation of related regulations. The Institute has been working for several years with the noble objective of recognizing listed companies in Bangladesh for their contribution towards sustainable Good Governance. The awardees of ICSB National Awards for Corporate Governance Excellence' are selected through a rigorous process undertaken by an independent Jury Board.
A Charter for Corporate Governance Excellence Award was approved by the Council of the Institute and the same was adopted by the Jury Board. Different Technical Committees were formed, comprising expert Members of the Institute, for evaluation of annual reports and other relevant information and documents submitted by participating companies.
Participating companies are grouped in to different categories. Care is taken to prevent any conflicts of interest in assigning the evaluation tasks amongst the Technical Committees. There are three (3) awards in each category; first, second and third, in order of merit (points scored in the assessment).
Submission of Annual Reports are invited through advertisements in leading daily Newspapers. Letters are also sent requesting listed companies to submit their Annual Reports. The responses are excellent from almost all segments of companies listed on the Stock Exchanges of Bangladesh. The Winning Companies received the awards at a grand ceremony in the presence of dignitaries and business leaders. A Souvenir to mark the “ICSB National Award for Corporate Governance Excellence” are published with a brief background and success stories of the winning companies, along with a list of participants.