Lafarge Africa bags compliance award

Lafarge WAPCOTHE Corporate Affairs Commission has awarded the Best Complying Company of the Year 2014 LAFARGE Africa Plc.

A statement issued by the company explained that the award, which has to do with the extensive compliance requirements of the Companies and Allied matters Act and industry regulations by the Commission, is in recognition of the company’s commitment to operating with the highest ethical standards on consistent basis.

The award was presented at the Commission’s annual corporate citizens’ award held in Abuja recently.
Quoting the Chairman, CAC Board of Directors, Funso Lawal, the statement explained that the rationale for the award is to recognize performance and reward corporate excellence among companies operating in Nigeria, with the ultimate goal of improving the country’s rating in the global competitiveness index.

To be eligible for consideration, companies must have complied with the requirements of the Companies and Allied Matters Act and respective industry statutes and regulations.
In addition, the companies must impact on their respective industries positively through credible performance in corporate social responsibility.

Lafarge Africa Plc. was among 26 companies that made the final list from over 800 companies considered, with the building solutions company emerging as one of the eventual nine winners. Former Minister for Commerce and Industry, Olusegun Aganga, presented the awards to the recipients, while encouraging others to imbibe the best practices of the winners.

While thanking the regulatory agency for a well-deserved recognition, the Group Managing Director and Chief Executive Officer of Lafarge Africa Plc., Guillaume Roux, said; “Lafarge always ensures adherence to all legal and regulatory requirements for its activities everywhere it operates. This is the way we operate and it is ingrained in our Principles of Actions to which every Lafarge employee is committed”.

Speaking further on the awards, he said, ”The stringent criteria for nomination provide evidence of our drive to making a difference in our industry, communities and in Nigeria as a whole”
The Corporate Citizens Award, which is open to all registered companies in Nigeria, is designed to recognize corporate citizens who have conducted their affairs in compliance with statutory requirements and best practices.

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