REC Limited, the leading public sector power company, has been honoured with the prestigious Golden Peacock Award 2024 for Excellence in Corporate Governance. The award was presented at a ceremony in London by the Golden Peacock Awards Secretariat and the Institute of Directors. REC received the accolade in the Power (Financial Services) category, recognizing its commitment to the highest standards of corporate governance.
The award highlights REC’s dedication to transparency, accountability, and ethical business practices—values that have been central to the company’s sustained success and reputation in the industry.
Our commitment to excellence continues!
— REC Limited (@RECLindia) December 5, 2024
REC has been honoured with the Golden Peacock Award 2024 for Excellence in Corporate Governance.
The award, presented by the Golden Peacock Awards Secretariat and Institute of Directors, recognises REC’s dedication to transparency,… pic.twitter.com/4ViYL5foiy
In an official statement, the Maharatna power PSU said, “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.”
Vivek Kumar Dewangan (IAS), Chairman and Managing Director (CMD) of REC Limited, expressed his gratitude, 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.”
The award was conferred by a distinguished jury, which included the 25th Chief Justice of India, Justice MN Venkatachaliah, Justice U. U. Lalit, former Chief Justice of India, and Prof. (Judge) Mervyn E. King SC, among other prominent figures.
The award ceremony brought together leaders from various industries, emphasizing the crucial role of corporate governance in fostering sustainable business practices. REC’s recognition among the elite group of awardees further solidifies its position as a leader in the power sector and a model for corporate governance excellence.
