September 07, 2008

PFC receives Golden Peacock Awards 2007

It is reported that Power Finance Corporation has bagged the prestigious “Golden Peacock Award for Excellence in Corporate Governance” for the year 2007.

Dr VK Garg CMD of Power Finance Corporation received the award at a special function attended by business leaders, corporate governance experts and policy makers from 34 countries in London on September 20th 2007.

World council for corporate governance and centre for corporate governance to encourage initiatives in corporate governance globally and in India instituted the award scheme for corporate governance in January 2001.

Golden Peacock Awards are the highest accolades of corporate excellence in quality, corporate governance, corporate social responsibility, innovation, training, environment management, technological leadership and business leadership. They provide not only worldwide recognition and prestige but also a competitive advantage in operations. The awards are considered unique for they have meticulously defined and transparent selection criteria and is determined by highly elaborate and independent assessment process.