Mr. Latifur Rahman, Chairman of Transcom Group and Vice President of ICC Bangladesh received Oslo Business for Peace Award 2012 in Oslo on May 7. In his immediate reaction, he observed that businesses should be fulfill their socially responsibility and take ethical initiatives besides making profit. He also assured that in future his corporate house will be much more humanity based. The Oslo Award is the highest distinction given to a businessperson for outstanding accomplishments in the area of ethical business.

ICC Bangladesh President Mahbubur Rahman, who attended the Award Giving Ceremony at the invitation of Business for Peace Foundation, expressed his hope that this Award will inspire the young entrepreneurs to follow business ethics as well as their responsibility to the society in doing business.

Business for Peace Foundation Chairman Per L. Saxegaard presented the Award to the six recipients at the Oslo City Hall. This year the six Honourees, including Mr.Latifur Rahman received Award. The remaining five recipients are : Ibrahim Abouleish (Egypt), Eduardo Eurnekian (Argentina), Vladas Lasas (Lithuania), David W. Mac Lennan (USA) and Reginal A. Mengi (Tanzania). The Honourees have been selected out of 90 candidates from 60 countries

The Bangladesh community in Oslo hosted a reception in honour of Mr. Latifur Rahman, which was also attended by ICC Bangladesh President Mahbubur Rahman.

An independent committee of Nobel Prize Winners in peace and economics decide the recipients of the Award. They adhere to the criteria for Being Businessworthy stipulated by the Foundation. The Award Giving Committee consists of Professor Muhammad Yunus (Nobel Peace Prize Laureate 2006) and Professor A. Michael Spence (Nobel Prize Laureate in Economic Sciences 2001). Professor Dr. Wangari Muta Maathai (Nobel Peace Prize Laureate 2004) who died on September 25, 2011 was the third Member of the Committee.

The supporting partners of the Business for Peace Foundation are International Chamber of Commerce (ICC), The world business organization, World Chambers Federation (WCF), The City of Oslo, The Oslo Chamber of Commerce and the initiators of The Oslo World Trade Centre (OWTC).

It may be mentioned that the Business for Peace Foundation, Oslo has been awarding the Oslo Business for Peace Award since 2009. In 2009 and 2010 among others, who received the Award include world renowned business personalities. In 2010, Mr. Ratan Tata, Chairman of Tata Group of India, Mr. Francis Yeoh, Managing Director YTL Corporation, Malaysia (infrastructure, hotel chain, etc.) and in 2009, Mr. Jeffery R. Immelt, Chairman and CEO of General Electric (GE) of USA, Mr. Anders Dahlvig, CEO of IKEA, Sweden and Mr. Zhengrong Shi, Chairman and CEO of Suntech Power (the largest manufacturer of Solar Modules in the world) were among the recipients of the Award.