Wipro Ltd, a leading global information technology, consulting and business process services company today announced that it has been awarded ‘The ICSI National Award for Excellence in Corporate Governance’ for 2015 by the Institute of Company Secretaries of India (ICSI).
Wipro has been conferred with this award for its capabilities, growth, performance, governance ethos, approach towards CSR and sustainable development, and future strategy. Wipro had earlier won this award in 2004.
The jury for the awards was headed by former Chief Justice of India Justice M N Venkatachaliah. The awardee is selected post a rigorous and comprehensive process that evaluates several parameters including Board Structure and Process, Transparency and Disclosure Compliances, Stakeholder Value Enhancement, CSR and Sustainability.
TK Kurien, Chief Executive Officer and Member of the Board, Wipro Limited said, “Strong and transparent corporate governance practices are an integral part of our culture and align with the best interests of all our stakeholders. We are immensely proud of this honor and this recognition encourages us to raise the bar further.”
This award was instituted by ICSI in 2001 to identify, foster and reward companies with the best governance practises.
The Award promotes corporate governance by:
Recognizing leadership efforts of corporate boards in practicing good corporate governance principles in their functioning;
Recognizing implementation of innovative practices, programmes and projects that promote the cause of corporate governance;
Enthusing the corporates in focusing on corporate governance practices in corporate functioning; and
Implementation of best practices in corporate governance.