Walton gets ICSB corporate governance excellence award

Walton Hi-Tech Industries PLC, listed in the capital market of Bangladesh under the engineering sector, has been honoured with ‘ICSB Corporate Governance Excellence Award-2021.’

The Institute of Chartered Secretaries of Bangladesh (ICSB) awarded the country’s leading electronics company for its outstanding corporate governance practices, along with its transparency and accountability in overall management.

Walton was awarded gold trophy under the engineering category at the programme of ‘9th ICSB National Award-2021’, at a five-star hotel in the capital on December 17.

ICSB presented gold, silver and bronze trophies of the award to the winning companies, listed in Dhaka Stock Exchange and Chittagong Stock Exchange, mainly judged in terms of how perfectly they promoted corporate governance, transparency and accountability in overall management of their team during the year 2021 and ensuring compliance of Corporate Governance Code of Bangladesh Securities and Exchange Commission.

Apart from Walton, 36 companies received the ‘9th ICSB National Award-2021’ under 12 different categories.

Salman F Rahman, Private Industry and Investment Adviser to the Prime Minister, attended the program as the chief guest and handed over the awards. Planning Minister MA Mannan, Senior Commerce Secretary Tapan Kanti Ghosh and Bangladesh Cricket Board’s President Nazmul Hassan Papon were special guests at the program presided over by ICSB President Mohammad Asad Ullah.

On behalf of Walton Hi-Tech Industries PLC., Managing Director and CEO Golam Murshed and Company Secretary Md. Rafiqul Islam, FCS, received the gold trophy of ‘9th ICSB National Award-2021.

Earlier at the ‘8th ICSB National Award-2020’, Walton was awarded bronze trophy.

The award giving ceremony was also attended by, among others, ICSB Senior Vice-President M Nurul Alam and Council Member Mohammad Shafiqul Islam Bhuiyan.

While expressing his reaction, Walton Hi-Tech Industries Managing Director and CEO Golam Murshed, said, the ‘ICSB Corporate Governance Excellence Award-2021’ is the recognition of Walton’s outstanding corporate government practices. Corporate governance ensures transparency and accountability of the organization. Also helps in getting adequate returns by ensuring long-term financial performance. It protects the investors’ interests and also helps them to trust the organization. Besides, prevents financial loss, wastage and mitigates risk. And thus, sustainable success of the organization is ensured. I dedicate this award to all Walton’s investors, board of directors and customers, who uphold their faith and trust in us.”

Earlier this month, Walton Hi-Tech Industries received the ‘Best Corporate Award 2021’ from the Institute of Cost and Management Accountants of Bangladesh (ICMAB). Walton awarded the gold trophy for its outstanding contribution to electronic product manufacturing. Also, the company received the honour for fulfilling special criteria, including market capitalization, good corporate governance, acceptance of information, and credibility as a listed company in the stock market.