Sona BLW Precision Forgings Ltd. (Sona Comstar), has been awarded the prestigious Golden Peacock Award for Excellence in Corporate Governance 2023 (GPAECG). Mr Vivek Vikram Singh, MD & Group CEO, received the award on the company’s behalf on October 17, 2023, in a ceremony organized in London.
Golden Peacock Awards, instituted 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 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. 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”.
On the achievement, Mr Vivek Vikram Singh, MD & Group CEO, said: “This is a moment of great pride for all of us at Sona Comstar. Receiving this coveted award is a recognition of our unwavering commitment to the highest standards of governance and a validation of our dedication to ethical and transparent business practices. We believe that good corporate governance is the cornerstone of our long-term success, ensuring the trust of our stakeholders. I thank our employees, directors, customers, shareholders and other stakeholders for their continued support, guidance and trust in us.”
Sona Comstar’s 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 global best practices.