Selection Process

The awardees should be involved in private business enterprise and must be a Bangladeshi citizen or ordinarily a resident in Bangladesh. He/she must have clean banking and tax records. There is no restriction on age or race. In case of Enterprise Award, only Bangladeshi companies will be considered with published balanced sheets. In case of Financial Institution Award, Bangladeshi and joint venture financial institutions, a company incorporated in Bangladesh for carrying out business activities jointly by a Bangladeshi and foreign investor will be considered. The shares of the company are to be held by Bangladeshi and foreign shareholders as per the joint agreement. The Bangladeshi investor must have invested at the start up capital of the company. Shareholding by Bangladeshi Shareholder(s) as a nominee shareholder subsidiary company will not fall under this category.

Four criteria considered for the Business Person of the Year are:

Financial Performance

He/She must make an outstanding and sustained contribution to the organization. In case of a public company, he/she must contribute to a substantial increase in the returns on shareholders' funds and sales in the light of conditions prevailing at the time. The standard of corporate disclosure of the awardees company will also be taken into consideration.

In case of a private company or sole proprietorship he/she must contribute to an improvement in return on the capital invested. Reducing a company's losses is also considered an achievement. This will be regarded as a contribution to the stability of the organization. He/She must have clean banking and tax records.

Personal Qualities

Integrity: The awarder’s integrity should be of the highest standard.
Entrepreneurial abilities: The awarder must show qualities of a good entrepreneur.
Personal contribution: This refers to the contribution to an organization outside the realm of his/her immediate business interests. It is a merit point for the awarder if he/she has made such a contribution.

Managerial Skills

Depth of management: The awarder should contribute to raising the management skills and establishing a viable organizational structure.
Adaptability: The awarder must adapt to the changing environment and demands.
Tenacity: The awarder should display perseverance and tenacity in working towards objectives.
Leadership qualities: The awarder must be someone who has won the respect of subordinates and whose actions set an example for the organization. The awarder should be adept at motivating employees.
Productivity: The awarder must make a substantial contribution to improving the output of employees.
Creativity: The awarder should have an innovative approach to business affairs.
Good labor management: The awarder should have a track record of establishing and maintaining harmonious relations in the organization.

Contribution to Bangladesh's Development

The awarder should make a positive contribution to Bangladesh's development.

Four criteria considered for the Enterprise of the Year are:

Innovation

Particular attention will be focused on the company's penetration to overseas markets drawing on enterprise and expertise of its Bangladesh base.

Financial Performance/Productivity

The company must have an outstanding and sustainable growth in profit. The age of a company will be taken into consideration in relation to profit track record. The company must take positive steps and conscious efforts towards improving its productivity level.

The company must also have clean banking and tax records.

Company Management

The organization must display an effective management style and have a viable organizational structure. The company must have a track record of establishing and maintaining harmonious relations within the organization and set examples for the industry.

Contribution to the Community

The company's contribution to the community will be considered a merit point.

Four criteria for Best Financial Institution of the Year are:

Innovation

The company's innovation in products, services or new markets will be considered.

Financial Performance/Productivity

The company must have an outstanding and sustainable growth in profit. The life span of the company will be taken into consideration in relation to profit track record. The company must also have clean banking, client and tax records.

Company Management

The organization must display an effective management style and have a viable organizational structure. The company must have a track record of establishing and maintaining harmonious relations within the organization and set examples for the industry.

Contribution to Bangladesh's Development

The company should make positive contribution to Bangladesh's development and society through Corporate Social Responsibility programs.