Turnall Holdings judged best governed company on ZSE

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TURNALL HOLDINGS won the trophy for the best governed company on the Zimbabwe Stock Exchange in the inaugural Excellence in Corporate Governance Awards. British American Tobacco came second. Econet Wireless was third.

TURNALL HOLDINGS won the trophy for the best governed company on the Zimbabwe Stock Exchange in the inaugural Excellence in Corporate Governance Awards. British American Tobacco came second. Econet Wireless was third.

Own Correspondent

Turnall also won the sustainability reporting award, with Dairibord Holdings coming second in this category and Mwana Africa third.

Meikles won the best shareholder treatment award, with Econet Wireless coming second in this category and British American Tobacco third.

The best board practices award went to British American Tobacco, with Turnall Holdings coming second in this category and Border Timbers coming third.

The awards, which were initiated by the Institute of Chartered Secretaries and Administrators in Zimbabwe to promote good corporate governance, were presented on Thursday evening at an awards dinner hosted by the Institute at Cresta Lodge in Harare.

All currently trading Zimbabwe Stock Exchange-listed companies which published annual reports in 2012 were evaluated for the awards.

Welcoming guests to the awards dinner, Institute of Chartered Secretaries and Administrators in Zimbabwe president Glovah Madzima said the institute intended expanding the awards to other sectors of the economy.

“Sectors like the State-owned enterprises, SMEs and NGOs will be added to this mix as the awards develop,” Madzima said.

Deputy Reserve Bank of Zimbabwe governor Kupukile Mlambo said he hoped the Excellence in Corporate Governance Awards would usher in a new era of transparency and accountability.