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| MR. NICOLAAS VERVELDE |
Nigerian Breweries Plc, the nation’s leading brewing company, 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, December 1, 2016 in Lagos.
According to the Institute of Directors, the “IOD Corporate
Governance Award” reinforces the importance of best practice amongst corporate
entities and is open to outstanding corporate bodies quoted on The Nigerian
Stock Exchange. It said that its governing council committee responsible for
awards in collaboration with The Nigerian Stock Exchange received three
nominations of companies quoted on the Exchange that were Corporate Governance
compliant. Out of those companies, Nigerian Breweries emerged as the Institute
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.
It would be recalled that 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.
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