The Summit Power Limited has secured the first position at the ICMAB Best Corporate Award 2018 under the power generation category.
The power producer company bagged the award, initiated by the Institute of Cost and Management Accountants of Bangladesh (ICMAB), for the seventh consecutive time since 2012 for corporate governance.
This year, the ICMAB awarded thirty-four companies under twelve different categories for Best Corporate Award 2018.
The award ceremony was held at the Hotel InterContinental in Dhaka on December 15. During the award giving ceremony, Vice Chairman of Summit Group Md Farid Khan, Director Azeeza Aziz Khan, Managing Director of Summit Power Lt Gen (Retired) Engineer Abdul Wadud, Managing Director of Summit Gazipur II Power & Summit Ace Alliance Power Engineer Md Mozammel Hossain, Chairman of Bangladesh Securities and Exchange Commission Dr M Khairul Hossain, Chairman of CABC Committee of ICMAB Mohammad Ali Newaz FCMA, and President of ICMAB M Abul Kalam Mazumdar FCMA were present among the dignitaries.
The ICMAB Best Corporate Award was introduced in 2007, as a noble initiative to recognize the invaluable contribution made by the corporate entities in Bangladesh's different sectors. The aim was to encourage increased competitiveness among the enterprises for better efficiency.