REC Wins Golden Peacock Award 2024 for Corporate Governance Excellence
REC Limited, a Maharatna CPSU under the Ministry of Power and a prominent NBFC, has been awarded the Golden Peacock Award 2024 for Excellence in Corporate Governance. This prestigious recognition was bestowed upon REC at a ceremony in London by the Golden Peacock Awards Secretariat and the Institute of Directors.
This award serves as a testament to REC’s unwavering dedication to maintaining the highest standards of corporate governance. The acknowledgment highlights REC’s firm commitment to transparency, accountability, and ethical business practices, all of which have played a crucial role in the company’s continuous success and esteemed reputation in the industry.
REC’s remarkable achievement came in the Power (Financial Services) category, where it stood out as a beacon of exemplary corporate governance. Shri Vivek Kumar Dewangan, IAS, Chairman, and Managing Director of REC, expressed deep gratitude for the award, emphasizing the company’s ongoing efforts to uphold governance principles and deliver lasting value to stakeholders.
The awards jury, led by the 25th Chief Justice of India, Hon’ble Justice M. N. Venkatachaliah, along with other esteemed members such as Justice U. U. Lalit and Prof. (Judge) Mervyn E. King SC, played a crucial role in selecting REC as the deserving recipient of this prestigious accolade.
During the award ceremony, which was graced by leaders from various industries, the significance of corporate governance in promoting sustainable business practices was highlighted. REC’s recognition among the distinguished group of awardees reaffirms its standing as a frontrunner in the power sector and a shining example of corporate governance excellence.
