'Maharatna' firm, Steel Authority of India Limited (SAIL) has won the prestigious 2016 Golden Peacock Award for Corporate Governance. The award was received by Ashwini Kumar, CEO of Rourkela Steel Plant (RSP) on behalf of SAIL during the 16th London Global Convention on Corporate Governance and Sustainability in London, UK. SAIL was presented the award on account of its exemplary performance in the field of corporate governance that is for balancing the interests of all the stakeholders of the company -- shareholders, management, customers, suppliers, financiers, government and the community.
About Golden Peacock Award:
Golden Peacock Awards, instituted by the Institute Of Directors (IOD), India in 1991, are now regarded as a benchmark of Corporate Excellence worldwide.
Golden Peacock Awards, established now for over 25 years, excel. Golden Peacock Awards for Corporate Leadership and Institutional Excellence, over the time, have become a hallmark of excellence, both locally and globally. No award has achieved such respectability and admiration from the industry as the ‘Golden Peacock Awards’, which today receives around 1000 applications for various Awards each year. This is largely due to its transparent and 3-Tier evaluation process, based on internationally recognized criteria. Besides recognition & Award, mere preparation of information and compilation of data required for ‘Self-Appraisal Report’, helps to align & inspire the entire workforce and rapidly accelerates the pace of systems improvement in an organization. Award winners are eligible to use the Golden Peacock Awards Logo with year on all printed and promotional materials, which evidences the highest accolade received by the organisation.
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