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When compliance is a rule book and governance the gospel

Mahindra and Mahindra recently won the prestigious Golden Peacock Global Award for Excellence in Corporate Governance for 2019. The Awards Jury was led by Chairman Sir Richard Needhan, Non-Executive Director, NEC Europe Ltd & Chairman – Advisory Group, STERN UK.

V.S. Parthasarathy, Group CFO and Group CIO, Mahindra Group, said, "M&M has steadfastly held high standards for its corporate governance practices. We consider compliance to be our rule book and governance our gospel. Following our 2015 National Award in the same category, we have now received the ‘Golden Peacock Global Award for Excellence in Corporate Governance’ for the year 2019, which is an indicator that we are moving in the right direction. I hope that each of you take this achievement as a recognition of your prime adherence to governance principles and continue your march towards governance premium."

The Golden Peacock Trophy and a Certificate will be presented to Mahindra at the ‘Golden Peacock Awards Presentation Ceremony’ on November 14, 2019, in London. The evening will witness a grand gathering of business leaders and participants during IOD, India's 19th Annual London Global Convention on Corporate Governance & Sustainability, and a Global Business Meet, which will be held between November 13 - 16, 2019, at the same venue.

One of the important objectives of the ‘Golden Peacock Awards’ Excellence Scheme is to boost a company's brand image and employee morale. It encourages the organization to share their successful journey on improving corporate governance – not just compliance, but also the firm’s efforts on performance aspects of the Board’s work through strategy formulation and policy making.