Sadhani Life Insurance Company Limited has emerged as a leading example of sound corporate governance in Bangladesh’s financial sector, marking a significant milestone through its continued commitment to transparency, accountability, and ethical management. The company has been honoured for the second consecutive time with the Silver Award in the Life Insurance category at the 12th ICSB National Award 2024, a distinction that underscores its consistent performance and responsible corporate conduct. Industry analysts view this repeated recognition not as a symbolic accolade, but as a clear validation of Sadhani Life’s long-standing dedication to modern governance principles and sustainable institutional practices.
The ICSB National Award is regarded as one of the most respected benchmarks of corporate excellence in the country. Organised by the Institute of Chartered Secretaries of Bangladesh, the award is conferred after a comprehensive and multi-dimensional evaluation of both listed and non-listed organisations. The assessment process closely examines corporate governance frameworks, the accuracy and integrity of financial reporting, operational transparency, ethical compliance, and the degree of accountability demonstrated towards shareholders and other stakeholders. By consistently meeting these rigorous standards, Sadhani Life Insurance Company Limited has reaffirmed its reputation as a disciplined, forward-thinking, and trustworthy institution within the insurance industry.
The award ceremony itself reflected the growing national emphasis on good governance as a cornerstone of economic progress. It was attended by senior policymakers, regulators, and corporate leaders, highlighting the importance of responsible management in strengthening investor confidence and institutional stability. Addressing the gathering as chief guest, Adviser to the Ministry of Commerce Sheikh Bashir Uddin stressed that sustainable economic growth and a resilient investment climate cannot be achieved without robust corporate governance. He noted that transparency and accountability within the financial sector play a vital role in reinforcing the country’s economic foundations.
The presence of Lutfe Siddiqi, Special Envoy on International Affairs to the Chief Adviser, as guest of honour added further significance to the event. In his remarks, he emphasised the need to nurture a culture of professionalism, integrity, and alignment with international standards across corporate Bangladesh. Such values, he observed, are essential not only for attracting investment but also for ensuring long-term organisational resilience in an increasingly competitive global environment.
The ceremony was further distinguished by the attendance 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 corporate executives, governance experts, and professionals from various sectors, turning the occasion into a meaningful forum for dialogue on best practices in corporate management.
Accepting the Silver Award on behalf of the company, Chairman Mujibul Islam and Chief Executive Officer Nimai Kumar Saha expressed gratitude to all those who contributed to the achievement. They remarked that the recognition reflected the collective efforts of the board of directors, employees, and stakeholders, united by shared values and discipline. Reaffirming their commitment, they stated that Sadhani Life would continue to prioritise customer interests, ethical conduct, transparency, and good governance in every aspect of its operations.
Senior officials from both ICSB and Sadhani Life were also present at the event. Stakeholders believe that this recognition will not only inspire Sadhani Life to sustain its path of excellence but will also encourage the broader insurance sector to strengthen governance practices, enhance professionalism, and align more closely with global standards, thereby reinforcing the long-term credibility of the industry as a whole.