Tech Mahindra, a leading provider of digital transformation. Consulting and business re-engineering services and solutions has won the coveted Golden Peacock Global Award for Excellence in Corporate Governance – 2018 instituted by Institute Of Directors, Delhi (IOD).
The Golden Peacock Awards regarded as a benchmark of Corporate Excellence worldwide. The awards aim to promote business excellence by providing a Framework or Criteria for assessment that is based on similar principles as other awards throughout the world and contains all of the requirements of the ISO 9001:2000 standard series.
“Tech Mahindra is ranked among the top 5 IT service providers in India, offering total range of IT services and industry specific solutions in 90 countries with annual revenue of USD 4.9 Billion in FY 2017-18. Its Board has 9 Directors, out of whom 5 are Independent Directors including 1 Woman Director. The company has developed a tool internally called as ‘Board Room Portal’ which has all the required information like Notice for Meetings, Agenda, Minutes of the Meetings, Financial Information and Press releases.
The award will be presented at the ‘Golden Peacock Awards Presentation Ceremony’, being held on Thursday, 25thOctober 2018, at London (UK) in the presence of a distinguished gathering of business leaders during IOD’s “18thAnnual London Global Convention on Corporate Governance& Sustainability” and ‘Global Business Meet’, being held on 24 – 27 October, 2018.
The Company has developed unique set of Overarching Principles of Corporate Governance. That ensures advantage over other competitors. And focuses on ensuring the basics of an effective Corporate Governance framework; the rights of shareholders and key ownership functions; the equitable treatment of shareholders; the role of stakeholders in Corporate Governance and disclosures and transparency”, said Mr. Manoj K. Raut, CEO & Director, Institute Of Directors, India.
Every year, the Awards Secretariat receives around 1000 applications for various categories of awards.Tech Mahindra adjudged winner on the basis of a rigorous assessment. On varied parameters including the organization’s performance against the GPA Framework. Evaluated by an independent Grand Jury under the Chairmanship of Justice (Dr.) Arijit Pasayat, former Judge, Supreme Court of India.
This year, the Secretariat received 208 responses in this particular category. Out of which, after careful scrutiny, 91 applications shortlisted for final selection through a 3 tier Assessment Process. The Quality of Shortlisted Entries evidenced the amount of commitment to striv