REC Limited, the state-owned ‘Navratna’ financier in the power sector, bagged the prestigious Golden Peacock Award 2018 for Excellence in Corporate Governance on 25th October in London. The award, conferred by the Institute of Directors, was received by Dr. Shakil Ahamed, Senior Executive Director, REC and J.S. Amitabh, Company Secretary, at the 18th London Global Convention attended by business leaders, corporate governance experts and policymakers.
Golden Peacock Awards, instituted by the Institute Of Directors (IOD), India in 1991, are regarded as a benchmark of Corporate Excellence worldwide. The jury panel was chaired by Justice (Dr.) Arijit Pasayat, former Judge, Supreme Court of India & Chairman, Authority for Advance Ruling (Customs, Central Excise & Service Tax).
About REC: REC Limited (formerly Rural Electrification Corporation Limited) is a Public Sector Undertaking under the Ministry of Power involved in power sector financing and development. REC is committed to the highest standards of Corporate Governance and believes in adopting and adhering to the best corporate governance practices. All measures are taken to conduct the business in an ethical and responsible manner, with the sole objective of sustainable value creation for all Stakeholders within the prevalent regulatory framework.
As a listed Public Sector Enterprise, REC has been complying with all the applicable provisions related to Corporate Governance as stipulated under Companies Act, SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, DPE Guidelines and other applicable laws.
IndianBureaucracy.com wishes the very best.