Unilever Bangladesh Ltd and Dhaka Bank Ltd., the winner of StanChart-Financial Express CSR Award 2005
President Iajuddin Ahmed yesterday called upon corporate houses to make contribution to economic development by improving the quality of life of their workforce.
"Corporate social responsibility (CSR) is a crucial need for promoting sustainable development and long-term advancement of business," the president said at the Standard Chartered-Financial Express Corporate Social Responsibility Award 2005 ceremony in Dhaka.
Unilever Bangladesh Ltd and Dhaka Bank Ltd have been adjudged this year's winners in manufacturing and services sector categories.
Economist Wahiduddin Mahmud, chairman of the Standard Chartered-Financial Express Corporate Social Responsibility Award Trust, chaired the programme. Osman Morad, chief executive officer of Standard Chartered Bank Bangladesh, and Moazzem Hossain, editor of The Financial Express, also spoke.
The president also said as CSR is a growing demand, businesses competing in the global economy can no longer afford to ignore the issue.
Iajuddin said Bangladesh has been making relentless efforts to adopt operational principles of corporate governance in line with the international best practices.
"The regulatory agencies have incorporate many of the relevant issues into their respective operational framework and the process is still on," he added.
Wahiduddin Mahmud said companies worldwide are increasingly paying attention to CSR in their business approaches by attempting to address social issues and engaging themselves in not-for-profit community welfare activities.
Sanjiv Mehta, chairman and managing director of Unilever Bangladesh Ltd, and Shahed Noman, managing director of Dhaka Bank, received the awards.
President Iajuddin Ahmed yesterday called upon corporate houses to make contribution to economic development by improving the quality of life of their workforce.
"Corporate social responsibility (CSR) is a crucial need for promoting sustainable development and long-term advancement of business," the president said at the Standard Chartered-Financial Express Corporate Social Responsibility Award 2005 ceremony in Dhaka.
Unilever Bangladesh Ltd and Dhaka Bank Ltd have been adjudged this year's winners in manufacturing and services sector categories.
Economist Wahiduddin Mahmud, chairman of the Standard Chartered-Financial Express Corporate Social Responsibility Award Trust, chaired the programme. Osman Morad, chief executive officer of Standard Chartered Bank Bangladesh, and Moazzem Hossain, editor of The Financial Express, also spoke.
The president also said as CSR is a growing demand, businesses competing in the global economy can no longer afford to ignore the issue.
Iajuddin said Bangladesh has been making relentless efforts to adopt operational principles of corporate governance in line with the international best practices.
"The regulatory agencies have incorporate many of the relevant issues into their respective operational framework and the process is still on," he added.
Wahiduddin Mahmud said companies worldwide are increasingly paying attention to CSR in their business approaches by attempting to address social issues and engaging themselves in not-for-profit community welfare activities.
Sanjiv Mehta, chairman and managing director of Unilever Bangladesh Ltd, and Shahed Noman, managing director of Dhaka Bank, received the awards.
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