Sadhani Life Insurance Company Limited has firmly positioned itself as a benchmark of corporate governance excellence within Bangladesh’s financial sector, achieving a milestone that reflects consistency, transparency, and institutional responsibility. The company has once again been honoured with the Silver Award in the Life Insurance category at the 12th ICSB National Award 2024, marking the second consecutive time it has received this prestigious recognition. Observers across the corporate and financial landscape consider this back-to-back achievement to be far more than ceremonial; it is widely seen as a strong endorsement of Sadhani Life’s enduring commitment to ethical conduct, accountable management, and sustainable corporate practices.
The ICSB National Award, organised by the Institute of Chartered Secretaries of Bangladesh, is regarded as one of the country’s most authoritative measures of corporate excellence. It is awarded following a rigorous, multi-layered evaluation process that covers both listed and non-listed organisations. This assessment scrutinises governance structures, the quality and reliability of financial reporting, operational transparency, adherence to ethical norms, and accountability to shareholders and other stakeholders. By meeting these demanding criteria year after year, Sadhani Life Insurance Company Limited has reinforced its reputation as a disciplined, forward-looking, and trustworthy institution within the competitive insurance sector.
The award ceremony itself underscored the growing national focus on good governance as a foundation for long-term economic stability. Senior policymakers, regulators, and corporate leaders were in attendance, reflecting the importance placed on responsible leadership in strengthening investor confidence. Speaking as chief guest, Adviser to the Ministry of Commerce Sheikh Bashir Uddin highlighted that sustainable economic growth and a resilient investment environment are inseparable from strong corporate governance. He noted that increased transparency and accountability in the financial sector are essential for building a robust national economy.
Adding further depth to the occasion, Lutfe Siddiqi, Special Envoy on International Affairs to the Chief Adviser, attended as guest of honour. In his remarks, he stressed the importance of fostering professionalism, integrity, and alignment with international standards across corporate Bangladesh. Such values, he observed, are critical not only for attracting foreign and domestic investment but also for ensuring organisational resilience in an increasingly interconnected global market.
The ceremony was further distinguished by the presence of Finance Ministry Secretary Md Khairuzzaman Majumder, Commerce Ministry Secretary Mahbubur Rahman, and the Chairman of the Bangladesh Financial Reporting Council, Dr Md Sajjad Hossain Bhuiyan. Alongside them were senior executives, governance specialists, and professionals from diverse sectors, transforming the event into a significant forum for exchanging views on best practices in corporate management.
Receiving the Silver Award on behalf of Sadhani Life Insurance Company Limited, Chairman Mujibul Islam and Chief Executive Officer Nimai Kumar Saha expressed their appreciation to all who contributed to the achievement. They emphasised that the recognition was the collective outcome of the board of directors, employees, and stakeholders working together with shared values and discipline. Reaffirming their vision, they stated that Sadhani Life would continue to place the highest priority on customer interests, ethical behaviour, transparency, and good governance in every sphere of its operations.
Senior officials from both ICSB and Sadhani Life were also present at the ceremony. Many stakeholders believe that this recognition will not only motivate Sadhani Life to sustain its trajectory of excellence but will also encourage the wider insurance industry to strengthen governance standards, enhance professionalism, and align more closely with global best practices, ultimately reinforcing the sector’s long-term credibility and public trust.