BRAC Bank wins ICMAB award for excellence in corporate governance

BRAC Bank PLC won the gold award at the "ICMAB Best Corporate Award 2024", conferred by the Institute of Cost and Management Accountants of Bangladesh (ICMAB), for its excellence in corporate governance for the ninth consecutive year.

The bank received the award in the Private Commercial Bank category, according to a press release.

Commerce Adviser Sk Bashir Uddin presented the award to Tareq Refat Ullah Khan, managing director and CEO of BRAC Bank PLC, at a ceremony held at the Bangladesh-China Friendship Conference Center in Dhaka on Wednesday.

Commenting on the achievement, Khan said, "Good governance, ethics, compliance and transparency are integral to our business philosophy. This continued recognition from ICMAB reflects the strength and consistency of our corporate governance culture and our resolute commitment to the highest standards of accountability."

"This award further motivates us to elevate our governance practices in line with global benchmarks and reinforces our journey towards becoming the most trusted and best-performing bank in Bangladesh. We sincerely thank our customers and stakeholders for their enduring trust in BRAC Bank," he added.

The award recognises organisations that demonstrate exemplary corporate governance, transparency and accountability.

Md Abdur Rahman Khan, chairman of the National Board of Revenue; Mahbubur Rahman, secretary to the Ministry of Commerce; Mahtab Uddin Ahmed, president of ICMAB; and M Masud Rana, additional managing director and chief financial officer of BRAC Bank, among others, also attended the ceremony.