Nigerian Breweries Wins 2016 IOD Corporate Governance Award

Posted on December 5, 2016
nigerian-breweries
Nigerian Breweries Plc, has won the 2016 Institute of Directors Corporate Governance Award.
The company was presented the award at the Annual Directors Dinner of the Institute of Directors of Nigeria, which held on Thursday, 1 December in Lagos.
According to the Institute of Directors, the “IOD Corporate Governance Award” reinforces the importance of best practice among corporate entities and is open to outstanding corporate bodies quoted on The Nigerian Stock Exchange.
IOD said that its governing council committee is responsible for the awards in collaboration with The Nigerian Stock Exchange. They received three nominations of companies quoted on the Exchange that were Corporate Governance compliant. Out of those companies, Nigerian Breweries emerged as the Institute’s winner of the Corporate Governance Award for 2016 as endorsed by the Governing Council.
To be recognised in the category, companies have to demonstrate a high level of effectiveness across the four pillars of corporate governance – Accountability, Transparency, Fairness and Responsibility.
They also have to achieve an enterprise-wide culture of governance and ethics in risk and probity compliance, among other factors, to be presented with the award.
While receiving the award on behalf of the company, the Chairman, Nigerian Breweries Plc, Chief Kola Jamodu, CFR, said “We are delighted to receive this award in recognition of our effort in ensuring that we integrate corporate governance principles into our organizational culture. More importantly, we are encouraged to have been voted the winner of the Institute of Directors Corporate Governance Award for 2016. This is a worthy recognition and an incentive to encourage us to do more.”
The Chairman attended the award ceremony with the Managing Director/Chief Executive Officer of Nigerian Breweries Plc, Mr. Nicolaas Vervelde.
In 2015, Nigerian Breweries Plc was named the winner of The Nigerian Stock Exchange NSE-CEO’s Distinguished Award for Compliance.
The award also known as the Most Complaint Listed Firm award is given by the NSE to the company that demonstrates the highest degree of compliance with the rules and regulations regarding disclosure obligations of listed companies to the exchange in a particular year.
Nigerian Breweries Plc also demonstrated its recognition for the importance of corporate governance in 2015 to clinch the coveted award.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

CYRIACUS IZUEKWE Lagos State government has now restricted its civil servants in the state... Continue
CYRIACUS IZUEKWE A 38-year fake prophetess, Mrs Patience Adams has been arrested and charged... Continue
 CYRIACUS IZUEKWE A 19-year old ThankGod Christopher has been arrested and charged before a... Continue
CYRIACUS IZUEKWE A 52-year old man, Peter Raymond has been arrested and charged before... Continue
A 45 year-old grandmother on Monday in Lagos appeared before an Ogba Magistrates’ Court... Continue
The 650,000 barrels per day Dangote Refinery has been projected to hit 50 per... Continue
The Chairman Senate committee on Health Senator Lanre Tejuoso said the Senate is reviewing... Continue
A 41-year-old woman, Lois Atimosho, on Monday at an Ikorodu Magistrates’ Court in Lagos... Continue
The Comptroller-General of Customs, Col. Hameed Ali (retd), has said that the Nigeria Customs... Continue
Governor Akinwunmi Ambode of Lagos State on Monday said his administration had embarked on... Continue