(THE NEWSMAN OF INDIA.COM) Gurugram, 05 December 2024: REC Limited, a Maharatna CPSU under Ministry of Power and a leading NBFC, has been honoured with Golden Peacock Award 2024 for Excellence in Corporate Governance. The award was presented by the Golden Peacock Awards Secretariat and Institute of Directors in a ceremony held in London.

The Golden Peacock Award is a testament to REC’s unwavering commitment to the highest standards of corporate governance. This recognition underscores REC’s dedication to transparency, accountability, and ethical business practices, which have been integral to its sustained success and reputation in the industry.

REC has won the award in Power (Financial Services) category.

Vivek Kumar Dewangan, IAS, Chairman and Managing Director, REC expressed his gratitude for the award, stating, “We are deeply honoured to receive the Golden Peacock Award for Excellence in Corporate Governance. This accolade reflects our continuous efforts to uphold the principles of good governance and our commitment to creating long-term value for our stakeholders.”

REC was declared winner by awards jury, led by 25th Chief Justice of India, Justice M. N. Venkatachaliah and other jury members included Justice U. U. Lalit, former Chief Justice of India; Prof. (Judge) Mervyn E. King SC, and others.

The award ceremony, attended by distinguished leaders from various industries, highlighted the importance of corporate governance in fostering sustainable business practices. REC’s recognition among the elite group of awardees reaffirms its position as a leader in the power sector and a role model for corporate governance.