14 Bangladeshi cos win SAFA awards for annual reports

Staff Correspondent | Published: 00:43, Dec 24,2020

 
 

Fourteen Bangladeshi companies won 19 awards in different categories of the SAFA Best Presented Annual Report Awards and SAARC Anniversary Award for Corporate Governance Disclosures 2019 for maintaining transparency and accountability in their organisations’ annual reports.

Reliance Insurance became the overall winner among the all South Asian firms and insurance sector for the year.

Besides, Bank Asia Limited, IDLC Finance Limited, Orion Pharma Limited, Grameenphone Limited and Golden Harvest Agro Industries Limited became winners in different categories.

IDLC Finance Limited and LankaBangla Finance Limited won three awards each.

Six entities received certificates of merit in different categories.

Total 101 companies from Bangladesh, India, Pakistan, Nepal and Sri Lanka took part in the competition.

Nineteen listed and non-listed Bangladeshi companies nominated by the Institute of Chartered Accountants of Bangladesh participated in 11 sectors out of 13 categories of the SAFA Best Published Annual Reports Award Competition 2019.

The Institute of Chartered Accountants of Sri Lanka organised the virtual SAFA Best Presented Annual Reports Award, Integrated Reporting Award and SAARC Anniversary Award for Corporate Governance Disclosures 2019 ceremony on Wednesday.

The Bangladeshi firms received awards from ICAB president Muhammad Farooq, SAFA vice-president AKM Delwer Hussain and ICAB council member Mohammed Humayun Kabir.

In the private sector bank category, Bank Asia Limited became the winner, Shahjalal Islami Bank Limited became joint first runner-up and BRAC Bank Limited joint second runner up.

Reliance Insurance Limited was winner in insurance category while Green Delta Insurance Company Limited and Prime Insurance Company Limited received certificate of merit.

IDLC Finance Limited became winner in financial service sector, IPDC Finance Limited and LankaBangla Finance Limited became joint second runner up.

In the manufacturer category, Orion Pharma Limited became joint winner, British American Tobacco Bangladesh became first runner up and Summit Power Limited got certificate of merit.

In the communication and information technology category, Grameenphone Limited was the winner. In the service sector, Unique Hotel & Resort Limited became second runner up. In NGOs including NPOs category, Sajida Foundation became joint first runner-up, Ghashful joint second runner-up and CODEC received certificate of merit.

In the agriculture sector, Golden Harvest Agro Industries Limited became joint winner. In the public sector category, Investment Corporation of Bangladesh received certificate of merit.

In SAARC Anniversary Award for Corporate Governance, IDLC Finance Limited became the winner, LankaBangla Finance Limited became first runner up and Bank Asia Limited joint second runner up.

In the integrated reporting category, IDLC Finance Limited become the winner, LankaBangla Finance Limited became second runner up and Bank Asia Limited received certificate of merit.

SAFA is an association of the national chartered accountancy and cost and management accountancy institutions in the SAARC countries namely Bangladesh, India, Pakistan, Nepal, Sri Lanka, the Maldives and Afghanistan.

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