REC Wins Golden Peacock Award 2024
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 award, presented by the Golden Peacock Awards Secretariat and Institute of Directors in London, recognizes REC’s commitment to the highest standards of corporate governance.
The Golden Peacock Award highlights REC’s dedication to transparency, accountability, and ethical business practices, which have been instrumental in its sustained success and reputation in the industry. Specifically recognized in the Power (Financial Services) category, REC’s achievement reflects its continuous efforts to uphold good governance principles and create long-term value for stakeholders.
Vivek Kumar Dewangan, IAS, Chairman and Managing Director of REC, expressed deep gratitude for the award, emphasizing the company’s ongoing commitment to governance principles and value creation. The awards jury, led by 25th Chief Justice of India, Hon’ble Justice M. N. Venkatachaliah, recognized REC for its exemplary corporate governance under the leadership of notable figures like Justice U. U. Lalit and Prof. (Judge) Mervyn E. King SC.
The award ceremony in London brought together distinguished leaders across various industries, emphasizing the critical role of corporate governance in fostering sustainable business practices. REC’s recognition among top awardees reaffirms its position as a leader in the power sector and a model for corporate governance.
