REC wins Golden Peacock Award 2024 for excellence in corporate governance

New Delhi: REC Limited on Thursday announced that it has been honoured with Golden Peacock Award 2024 for excellence in corporate governance. The award has been presented by the Golden Peacock Awards Secretariat and Institute of Directors in a ceremony held in London.

REC has won the award in Power (Financial Services) category.

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"The Golden Peacock Award is a testament to REC's unwavering commitment to the highest standards of corporate governance. This recognition underscores REC's dedication to transparency, accountability, and ethical business practices, which have been integral to its sustained success and reputation in the industry," the maharatna power PSU said in an offcial statement.

REC's Chairman and Managing Director (CMD) Vivek Kumar Dewangan (IAS) expressed his gratitude for the award, stating, "We are deeply honoured to receive the Golden Peacock Award for Excellence in Corporate Governance. This accolade reflects our continuous efforts to uphold the principles of good governance and our commitment to creating long-term value for our stakeholders."

REC was declared winner by awards jury, led by 25th Chief Justice of India Justice MN Venkatachaliah and other jury members included Justice U. U. Lalit, former Chief Justice of India; Prof. (Judge) Mervyn E. King SC, and others.

The award ceremony, attended by distinguished leaders from various industries, highlighted the importance of corporate governance in fostering sustainable business practices. REC's recognition among the elite group of awardees reaffirms its position as a leader in the power sector and a role model for corporate governance.

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