Kolkata/ Noida, August 25, 2014: Institute of Company Secretaries of India (ICSI), the apex body with a vision of being a global leader in promoting good corporate governance, has bestowed the ICSI Life Time Achievement Award 2013forExcellence in Corporate Governance to Shiv Nadar, Founder & Chairman, HCL and Shiv Nadar Foundation. The award was presented by ShriArun Jaitley, Hon'ble Union Minister for Finance, Defence and Corporate Affairs.
The award comes close on the heels of several recent accolades in corporate governance conferred on HCL Technologies that include Best Governed Company Award 2014 from The Asian Centre; the Outstanding Companyof the Year2014Award from CNBC and the Corporate Citizen awards by both PHD Chamber of Commerce and All India Management Association.
CS R Sridharan, President, ICSI, said, “HCL represents a culture of evolving globally acceptable standards of corporate governance. Last year, ICSI recognised HCL Technologies as the best governed company. This year, we are pleased to felicitate Shiv Nadar for his exemplary work in institution-building and good governance that has helped create sustained and path-breaking growth for HCL in a highly dynamic business environment.”
Accepting the award, Shiv Nadar said, “This is a great honour and I thank ICSI and the eminent jury for this recognition. I share this award with our board, management leadership and employees who have set high standards of governance. I believe good corporate governance is critical in enhancing competitiveness, and creating industry-leading profitable growth and superior returns for every stakeholder of the institution.”
The ICSI National Awards for Excellence in Corporate Governance, instituted in 2001, is the highest honour in corporate governance in India. The independent jury comprised of: