The ANSA McAL Group of Companies has been named the Best Corporate Governance Conglomerate in the Caribbean.
The regional powerhouse was announced the winner in the Ethical Boardroom’s Corporate Governance Awards 2021.
“The awards recognise the outstanding leadership from boards who have raised the bar to ensure that strong corporate governance plays an essential part in protecting and enhancing long-term value for all stakeholders. Our awards program is a vital part of our continuing mission to elevate corporate governance standards globally,” the Ethical Boardroom website stated.
The ANSA McAL group was among several companies operating in T&T that were recognised by the Ethical Boardroom’s Corporate Governance Awards.
Republic Financial Holdings Ltd (RFHL) was named as the Best Corporate Governance “Financial Services’ Institution in the Caribbean.
Republic Financial Holdings Ltd (RFHL) had first received the award in 2019.
Notably, the Royal Bank of Canada was also granted the honour but for its work in North America.
Sagicor earned the honour of Best Corporate Governance by an Insurance company in the Caribbean while GraceKennedy was recognised for Best Corporate Governance by a Food and Beverage.
In a release recognising the award, president and chief executive officer of RFHL, Nigel Baptiste said:
“This award recognises our dedication to excellence, accountability, fairness and transparency in all interactions with our stakeholders. It also demonstrates the Group’s professionalism, ethical behaviour and adherence to global best practices and standards, all of which can be attributed to management and staff collaboration.”
The release added, “This award comes on the heels of an outstanding year for the Group, which has been heavily involved in climate financing while also being a driving force for a sustainable future in the region.
“The Republic Group signed on to the Principles of Responsible Banking (PRB) in 2020; the first signatory in the English-speaking Caribbean. Notable projects that the Group were involved in include: the Entrepreneurs Business Builder (EBB) Programme for Women, and partnering with the Ministry of Education and Pennacool.com for the “Adopt-A-School” Programme where tablets and laptops were distributed to schools/children to facilitate online learning .”
Republic Financial Holdings Ltd (RFHL) received this award for the first time in 2019, demonstrating that the Group continues to set the tone of good governance by adopting measures that raise the level of awareness and practices in the organisation which drive value creation and long-term growth.
Ethical Boardroom is a London-based magazine and website.
The award winners were announced in the magazine’s December publication.