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Posted on Nov 12, 2015 |

2nd ICSB National Award for Corporate Governance Excellence – 2014

2nd ICSB National Award for Corporate Governance Excellence – 2014

A separate ministry for corporate sector can boost up country’s economy: ICSB President

28 cos bag 2nd ICSB National Award for promoting corporate governance

Dhaka, 10 November, Wednesday, 2015: Institute of Chartered Secretaries of Bangladesh- ICSB President Mr. Mohammad Asad Ullah, FCS, proposed to set 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% 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.

ICSB President Mr. Mohammad Asad Ullah, FCS was speaking at the 2nd ICSB National Award Program yesterday, (Tuesday, November 10, 2015).

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.

Mohammad Asad Ullah, FCS also 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 They repealed their old companies Act and enacted new Companies Act 2013 catering to the present needs of business and commerce of the world.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.

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