KARACHI, OCT 23 /DNA/ – “The MAP’s Corporate Excellence Awards have set a benchmark for recognizing organizations that strive to achieve higher standards of governance, ethical business practices and sustained growth.” This was stated by the Sindh Chief Minister, Murad Ali Shah while addressing the 39th Corporate Excellence Awards (CEA) ceremony organized by the Management Association of Pakistan (MAP).
He added, “MAP’s leadership in advocating for these principles has helped foster a culture of transparency, accountability and integrity within Pakistan’s business community.” The Chief Minister commended the awards for establishing a framework where organizations operate under ethical guidelines and create an environment that encourages healthy competition and long-term success.
The Governor of Khyber-Pakhtunkhwa, Faisal Karim Kundi appreciated the work of the Management Association of Pakistan, encouraging them to visit Peshawar and work to upskill the corporate sector in the provincial capital.
Also appreciating MAP’s work, Sindh Minister for Energy & Planning Nasir Hussain Shah highlighted the importance of the Corporate Excellence Awards (CEA) as a means to reward excellence in management practices.
Addressing the event, the President of the Management Association of Pakistan, Senator Sarmad Ali highlighted that the Corporate Excellence Awards serve as a benchmark for companies striving to achieve excellence in their respective fields and encourage them to constantly evolve in the face of ever-changing business dynamics.
He continued, “These awards are not just a recognition of outstanding corporate performance, but a testament to the continuous improvement in management practices within our country. They highlight the pivotal role of leadership in driving success and underscore the need for our organizations to stay ahead of the curve by adopting cutting-edge strategies.”
The Corporate Excellence Awards are given to publicly-listed companies based on their financial performance, as well as management structures and practices, based on an in-depth evaluation criteria including an analysis of financial performance, a detailed questionnaire for eligible companies, and an in-depth interview for company management.
The event was attended by a host of corporate and industry leaders from across sectors, as well as representatives of the diplomatic corps, the Governor of Khyber-Pakthtunkhwa, Faisal Karim Kundi and Sindh Minister for Energy and Planning, Nasir Hussain Shah.
The two top trophies of the event were awarded to Fauji Fertilizer Company Limited in the Industrial Sector, and Meezan Bank in the Financial Sector. Other winners in the Financial category included Standard Chartered Bank (commercial banks category), Jubilee Life Insurance (life insurance category), Jubilee General Insurance (non-life insurance category), OLP Financial Services Pakistan (leasing companies category) and OLP Modaraba (Modarabas category).
Winners in the Industrial category included Feroze 1888 Mills Limited (textile composite category), Al-Abbas Sugar Mills (sugar and allied industries category), Cherat Cement and Lucky Cement (co-winners of the cement category), Hubco (power generation and distribution category), ARL (refinery category), PSO (oil and gas marketing company category), OGDCL (oil and gas exploration category), International Steel Limited (engineering category), Pakistan Cables (cable and electrical goods category), Millat Tractors (automobile assembler category), Thal Limited (automobile parts and accessories category), Engro Fertilizers (fertilizer category), Abbott (pharmaceuticals category), Archroma (chemicals category) and Security Papers Limited (paper and board category).
Other winners included Colgate Palmolive Pakistan (food and personal care category). HUM Network (technology and communications category) and Shifa International Hospitals (miscellaneous category). This year, the event also included a new award for the not-for-profit sector, jointly awarded to Shaukat Khanum Hospital and The Citizens Foundation.
