Vaibhav Global wins 'Best Governed Company' title at 20th ICSI National Awards for Corporate Governance

The company was trading in the green 1.44% higher at Rs2,620 per piece on the BSE at around 2:42 PM.

Jan 14, 2021 08:01 IST India Infoline News Service

Vaibhav Global Limited (VGL), a leading electronic retailer of fashion jewellery, accessories and lifestyle products in the developed markets, has been adjudged as the Best Governed Company (Listed Segment: Emerging Category) in the 20th edition of the ICSI National Awards for Excellence in Corporate Governance.

The ICSI National Award for Excellence in Corporate Governance has been formed to recognize, encourage, and reward the ideology of globally emerging effective corporate governance principles across Indian companies.

The award winner is determined post a systematic and comprehensive assessment that critiques multiple factors such as Board Structure and Processes, CSR and Sustainability, Stakeholders Value Enhancement and Transparency and Disclosure Compliances.

Thus, based on a thorough review on the criteria, questionnaire responses, interactions with Independent Directors, media reports and publicly accessible information, proxy advisory reports as well as regulatory responses to the company credentials, the jury awarded Vaibhav Global Limited this prestigious laurel among several companies.

On this occasion, Mr. Sunil Agrawal, Managing Director, said, “It is an honor for us at Vaibhav Global, to be recognized by ICSI for our deep and sustained commitment to governance practices. We are guided by our belief in holistic approach towards sustainability, social responsibility, employee well-being, regulatory compliance, and transparent functioning. We also believe that such framework creates the guardrails for our prospects for long term sustainable growth.”

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