CBZ, ABC Holdings scoop awards

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Patrick Chinamasa

CBZ Holdings has won the 2014 trophy for the best governed company on the Zimbabwe Stock Exchange while ABC Holdings was awarded the trophy for the best governed banking institution.

Own Correspondent

Finance and Economic Development minister Patrick Chinamasa presented the trophies to the two institutions at the annual Excellence in Corporate Governance Awards ceremony at Cresta Lodge in Harare on Thursday last week.

CBZ
CBZ

He also presented plaques to winners of other corporate governance awards.

Dairiboard Holdings and Turnall Holdings won second and third place respectively in the best governed company category, while in the best governed banking Institution category NMBZ came second and CBZ Bank third.

In the ZSE-listed companies’ awards categories, CBZ Holdings also won the best board practices award. British American Tobacco Zimbabwe came second in this category, while First Mutual Life came third.

Dairibord Holdings won the Best stakeholder practices and sustainability reporting award, with Turnall Holdings coming second in this category and RioZim third.

Pretoria Portland Cement won the best shareholder treatment award. Amalgamated Regional Trading came second and Nicoz Diamond third in this category.

In the banking institutions award categories, ABC Holdings won the top prize in three of the four award categories. In addition to winning the best governed banking institution trophy, it took first place in the best banking governance practices category and the best banking risk management practices category.

Second place in the best banking governance practices category went to CBZ Bank. NMBZ came third in this category.

NMBZ came second in the best banking risk management practices category. CBZ Bank came third.

The best banking internal audit disclosures award went to NMBZ, while CBZ Bank came second in this category and MBCA Bank came third.