Monday, May 20, 2024

Nuvoco wins the Golden Peacock Award for Excellence in Corporate Governance – 2022

Nuvoco Vistas Corp. Ltd., the fifth largest cement group in India and leading cement player in East India, in terms of capacity, has been conferred with the globally acclaimed Golden Peacock Award for Excellence in Corporate Governance – 2022. The achievement is a testament to Nuvoco’s growth in the building materials sector as well as its commitment to implementing best-in-class governance and management systems.

A Certificate and the coveted Golden Peacock Awards Trophy will bepresented on November 10, 2022.

The Golden Peacock Awards have been instituted by the Institute of Directors, India in 1991 and are regarded as a benchmark of corporate excellence throughout the world. With the Golden Peacock Award for Corporate Governance, companies are stimulated and encouraged to accelerate their customer-focused improvement processes. An award is intended to celebrate and honour the best for their unique achievements as well as build their brand equity on Corporate Governance. More than 1000 companies applied in various categories for the awards this year. The jury comprised eminent public figures, known for their independence and impartiality.

Commenting on the win, Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp. Ltd., said, “It is a privilege to receive such an award, which is regarded as a benchmark for good corporate governance. Our commitment to Corporate Governance initiatives and practices has earned us this award. It was Nuvoco’s ability to focus on inclusive and purpose-driven growth that led to the brand becoming one of the most recognizable in the sector. This is also supported by effective governance frameworks and systems that remain in place. Our robust auditing procedures are guided by trust, responsibility, and accountability so that we remain true to our purpose and drive sustainable, long-term growth.”

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