Marico Bangladesh Limited has been adjudged the winner of the 7th ICSB National Awards for Corporate Governance Excellence, 2019.
The Institute of Chartered Secretaries of Bangladesh (ICSB) honored all the winning corporations through a gala gathering on Saturday at Radisson Blu Dhaka Water Garden, read a press release.
Tipu Munshi MP, minister for Commerce, Government of the People and Republic of Bangladesh, handed over the awards to the winning companies as the chief guest at the ceremony.
From Marico Bangladesh the award is being received by Elias Ahmed, chief financial officer and Christabel Randolph, director-Legal and Corporate Affairs.
Dr. Md. Jafar Uddin, secretary, Ministry of Commerce, Government of the People and Republic of Bangladesh and Professor Shibli Rubayat-Ul-Islam, chairman, Bangladesh Securities and Exchange Commission (BSEC) were also present at the occasion.
The Corporate Governance Excellence Awards was introduced for the first time in Bangladesh in 2014 as a recognition by the ICSB to those companies who have successfully established corporate governance structure in their respective organizations. Awards under different categories were given to the winning companies based on their respective annual reports which were evaluated by technical committees formed by the ICSB for this purpose. Winners were judged through a comprehensive process by a 5-member eminent jury board comprising of distinguished dignitaries of the country.
Speaking of the achievement, Ashish Goupal, managing director of Marico Bangladesh Limited, said: “At Marico, our business is driven on the basis of strong ethics and sound corporate governance. A high level of ethics, compliance and governance culture is crucial in making our business framework effective and ensuring sustainable growth.”
He also added, “Transparency is one of our core values that guide our decisions and underlie our governance agenda.”
Marico Bangladesh’s revenue has been consistently on the rise over the last few years due to strong market confidence in their brands, their outstanding performance in the consumer goods industry and good corporate governance. In its 22 years of operating in the country, the company has established itself as one of the top three FMCG companies of the economy.
