Sona BLW Precision Forgings has announced that it has been awarded the prestigious Golden Peacock Award for Excellence in Corporate Governance 2023 (GPAECG).
Sona Comstar received the award during the ‘2023 London Global Convention on Corporate Governance & Sustainability' organized by IOD. The convention's theme was 'Board's Tryst with ESG and Making Corporate Governance Work in the New World Economy'.
A press release from Sona Comstar stated that its exemplary governance practices have consistently contributed to the company's sustainable growth, financial success, and reputation as a responsible corporate entity. The company places great importance on risk management, compliance, and accountability, ensuring that it operates in a manner that aligns with best practices globally.
Vivek Vikram Singh, MD & Group CEO, said that the company believes that good corporate governance is the cornerstone of its long-term success, ensuring the trust of the stakeholders.
Golden Peacock Awards, initiated by the Institute of Directors (IOD), India, in 1991, are now regarded as a benchmark of Corporate Excellence worldwide. The award has a transparent evaluation process, follows a 3-tier structure and adheres to an internationally recognized criteria.
This year's jury for the award was headed by Hon'ble Justice M. N. Venkatachaliah, former Chief Justice of India as the chairman, along with other honourable members from diverse backgrounds and expertise.
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