September 26: The organizer of the sixth edition of Newbiz Business Conclave and Awards has selected 21 companies for the awards ceremony to be held in the capital this Friday, September 27.

The selected companies will be awarded in eight different categories during the award ceremony while another category of award for the Lifetime Achievement in Business Leadership has also been finalized by an independent jury.

According to the organizer, the companies were shortlisted on the basis of transparency, ethical practices, public image among other criteria.

The jury has selected the top companies for eight different categories including the Best Managed Company, the Best Managed Commercial Bank, the Best Managed Development Bank, the Best Managed Finance Company, the Best Managed Micro Finance Company, the Best Managed Life Insurance Company, the Best Managed General Insurance Company and the Best Start-up Company.

The jury selected the Best Managed Company on the basis of management standard, social importance of the business and corporate social responsibility.

Meanwhile, the winner of the Lifetime Achievement Award was selected on the basis of vision, innovation and dedication for the business sector for a long time.

Soaltee Crowne Plaza had won the title of the Best Managed Company last year while chairman of Sakha Group Ganesh Bhakta Sakha had bagged the Lifetime Achievement Award.