Golden Peacock Award For Corporate Governance conferred on SAIL

Q.  Which Maharatna firm has been conferred the Golden Peacock Award for Corporate Governance?
- Published on 14 Nov 16

a. SAIL
b. GAIL
c. MTNL
d. BSNL

ANSWER: SAIL
 
Golden Peacock Award For Corporate Governance conferred on SAILThe well known Golden Peacock Award for Corporate Governance for 2016 has been conferred on Maharatna firm SAIL or Steel Authority of India Limited.
Set up by an Institute of Directors India, this award was received at the 16th London Global Convention on Corporate Governance and Sustainability
  • SAIL was presented the award for corporate governance and balancing the interests of stakeholders of the company
  • This includes shareholders, management, customers, suppliers, government, community and financiers
  • SAIL is one of the largest state owned steel firms in India
  • It is one of the top steel makers in the world
  • It is currently the 24th largest steel producer in the world
  • It was founded in 1954 and incorporated in 1973
  • Its HQ is in New Delhi- it owns and operates 5 integrated steel plants in Bokaro, Burnpur, Rourkela, Bhilai and Durgapur
  • It has 3 special steel plants at Salem, Durgapur and Bhadravathi

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