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 The last may have not being heard over the illegal abortion of... Continue
Acting President Yemi Osinbajo has appealed to Nigerians, especially Muslims, to use the period... Continue
CYRIACUS IZUEKWE A man, Raymond Benson  has been arrested and charged before a Lagos... Continue
As part of the 2017 Children’s Day celebrations, Keystone Bank Limited has partnered Junior... Continue
BY RAYMOND OISE-OGHAEDE A lot of people will be extremely curious to know what... Continue
Procter and Gamble, P&G, a leading FMCG company in Nigeria, has partnered with the... Continue
CYRIACUS IZUEKWE The police have arrested a housewife  and detained her at Area M... Continue
Magodo Specialist Hospital has responded to the tragic incident that occurred in their facility... Continue
Baseline Records frontman Skales on Wednesday May 24 held a listening party at Industry Nite for... Continue
The Independent National Electoral Commission, INEC has formally accused the governor of Kogi State,... Continue

NTEL ADVERT

Follow Us @pmexpressng