Mumbai's Finest: IHCL Nabs the coveted Golden Peacock Award
Hotel Corporate Entity Honored with Golden Peacock Award for Exceptional Corporate Governance Practice
It's been announced that The Indian Hotels Company (IHCL) bagged the Golden Peacock Award for Excellence in Corporate Governance - 2019. This prestigious accolade, bestowed by the Institute of Directors (IOD), India, honors IHCL for its top-notch corporate governance. The award was presented to Beejal Desai, Senior Vice President & Company Secretary of IHCL, among a gathering of influential business heavyweights during IOD's "19th Annual London Global Convention on Corporate Governance & Sustainability."
Beejal Desai, the proud recipient, stated, "It's an absolute privilege for IHCL to receive this prestigious acknowledgement for its unparalleled corporate governance practices. This award echoes that progressive corporate governance is deeply engrained in the fabric of IHCL, supporting efficient management and upholding our core values."
The Golden Peacock Awards, established in 1991 by the Institute of Directors (IOD), are now renowned worldwide as a symbol of Corporate Excellence. Over the years, these awards have evolved into a testament of excellence, both locally and internationally.
The Golden Peacock Awards aim to celebrate organizations that have skillfully integrated risk management strategies, corporate governance, and sustainability practices into their operations and decision-making processes. This recognition nurtures business excellence by implementing a transparent and three-tier assessment process based on internationally recognized criteria.
Although the specific reasons behind IHCL's win aren't explicitly stated, the general criteria for the Golden Peacock Awards suggests that the company must have shown outstanding achievements in corporate governance and sustainability, demonstrated a firm commitment to excellence, and innovated in areas such as occupational health and safety, environment management, energy efficiency, and eco-innovation. Furthermore, a robust governance structure, an independent and diverse board, effective risk management practices, adherence to legal requirements, and active stakeholder engagement are key components typically considered for corporate governance awards.
In conclusion, IHCL's victory at the coveted Golden Peacock Awards underscores their dedication to maintaining superior corporate governance and fostering sustainability. This achievement further cements their standing as a leading company in the hospitality industry.
The Indian Hotels Company (IHCL), a notable business entity in the hospitality industry, has demonstrated exceptional skills in integrating risk management strategies, corporate governance, and sustainability practices, as showcased by their victory at the coveted Golden Peacock Awards. This achievement in finance, specifically corporate governance, underscores IHCL's commitment to maintaining superior corporate practices and fostering a sustainable business environment.
