Orion Pharma Ltd won the Silver Award at the 7th "Institute of Chartered Secretaries of Bangladesh (ICSB) National Award for Corporate Governance Excellence," in the "Pharmaceutical and Chemical Companies," category on Saturday.
Zareen Karim, managing director of the company received the prestigious award from Tipu Munshi MP, Commerce Minister, reads a press release on Sunday.
The award ceremony was organisedat Radisson Blu Dhaka Water Garden, it added.
Orion Pharma is one of the major pharmaceutical companies of Bangladesh which has been contributing to improving the human health care of the country by providing quality branded-generic pharmaceuticals.
The company has been superseding the market growth consistently by wide margin in last few years. Itwas awarded with the ISO-9001: 2015 Certificate in 2018 for serving its valued customers with products of excellent quality.
ICSB introduced the Corporate Governance Excellence Awards for the first time in Bangladesh in 2014. Awards under different categories are conferred on the winning companies based on their respective annual reports, evaluated by technical committees specially formed by ICSB for the purpose.
A jury board, comprising eminent personalities of Bangladesh, reviews the output of the technical committees before finalizing the awards.The corporate governance committee of ICSB cross checks the information to help the jury board in evaluating the companies.
Over 150 companies from 13 different sector categories submitted their annual reports for 2019 fiscal year, along with other supporting information that speak of their corporate governance standard.