The National Environment Management Authority (NEMA) was awarded for its commitment to uphold high corporate governance standards and ethics at a ceremony held at Intercontinental Hotel in Nairobi on the evening of Friday 8th November, 2015.
The Authority received recognition as the winner in the statutory bodies sector of Champions of Governance (COG) Awards organized by the Institute of Certified Public Secretaries of Kenya (ICPSK). This year, 44 organizations had participated both at private and public levels.
The ICPSK Champions of Governance award jury singled out the profile of NEMA praising it for its role in supervision and coordination of all matters related to the environment.
The institute together with other stakeholders inaugurated the annual governance excellence award in 2010 to recognize organizations and individuals that exhibit high standards of practice of governance. This was the sixth edition of the awards having experienced increase in the number of companies participating.
The award was preceded by a rigorous evaluation process focusing on key parameters such as transparency and disclosure compliances, adhere to laws and regulations, annual general meetings and other members meetings, investors’ relations, communication and public education and board independence as well as governance.
The Governance award aims at segregating governance issues and focusing on them separately as key issues that organizations and individuals in the business world have to grapple with.
The award also seeks to ingrain sound corporate governance within organizations, evaluates focus on shareholder value enhancement; corporate social responsibility; creativity and innovation; corporate strategy; management and human resources issues as well as financial reporting.