Beximco Pharmaceuticals wins gold accolade
Beximco Pharmaceuticals
was one of the few companies to be awarded for practicing good
governance in their day-to-day operations. The awards were hosted by the
Institute of Chartered Secretaries of Bangladesh (ICSB), the only
recognized professional body in Bangladesh tasked with developing,
promoting and regulating the profession of chartered secretaries.
Beximco Pharmaceuticals of
Beximco group
won the gold accolade in the pharmaceutical and chemicals category. The
silver went to Square Pharmaceuticals and the bronze award to ACI Ltd.
The second National Award for Corporate Governance Excellence were
held at the Sonargaon Hotel in Dhaka, Bangladesh. Finance Minister AMA
Muhith presided over the ceremony and handed over the awards to the
winning companies.
Official spokesperson for Beximco Pharmaceuticals said, “ It is a
moment of pride for us to receive such a prestigious award. This is a
resultant of the diligence of our employees and expert management of
workings of the company.”
In the banking category, Eastern Bank Ltd got the gold award with UCB
settling for a silver award and Social Islami Bank winning the bronze.
The awards, launched last year, aim to encourage and promote
excellent governing in the corporate sectors of Bangladesh and encourage
them to become competitive in the global arena.
Speaking as chief guest, Muhith said that company secretaries were
important along with accountants and management for proper functioning
of a corporate body.
M Khairul Hossain, chairman of Bangladesh Securities and Exchange Commission, said,
”
Bigger roles have been assigned to the company secretaries through
various reforms. The BSEC is now in a position to monitor all activities
of listed companies on a real-time basis, allowing the regulator to
detect any manipulation and discipline the market.”
ICSB President Mohammad Asad Ullah said,
“There are 1.4 lakh
corporate firms registered with the Office of the Registrar of Joint
Stock Companies and Firms. They account for 73 percent of the economy
and yet they are neglected. There should be a separate ministry, named
the corporate affairs ministry, to regulate the corporate firms, which
will ultimately boost the country’s revenue income.”
SOURCE:NEWSHOUR.PRESS