UBA wins corporate citizens award
UBA received the award at the maiden edition of the awards ceremony organised by CAC in Abuja.
The Corporate Citizens Award is open to all registered companies in Nigeria and seeks to promote the culture of good corporate governance in the Nigerian environment by recognising corporate citizens who have conducted their affairs in compliance with statutory requirements and best practices.
“The idea behind this initiative is to recognize performance and reward corporate excellence among companies operating in Nigeria, with the ultimate goal of improving our rating in the global competitiveness index” said the chairman of the Board of Directors of the Commission, Otunba Funso Lawal in his remarks at the ceremony.
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. Apart from impacting on their respective industries positively they are expected to have performed creditably well in corporate social responsibility.
Specifically the independent panel of judges under the Chairmanship of former Nigerian High Commissioner to the United Kingdom, Dr. Christopher Kolade, looked at financial management, work place environment, and management of stakeholder relations, innovation, corporate social responsibility, industry leadership as well as corporate governance to select winners. 26 companies including UBA made the final list from over 800 companies that were considered and we were one of the nine winners that eventually emerged.
Former Minister for Commerce and Industry, Olusegun Aganga who represented the former President Goodluck Jonathan at the event commended all the companies who received award at the event while encouraging those who did not win to imbibe the best practices of the companies that won.
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