Air conditioning and commercial refrigeration major, Blue Star Limited, announced that the Company has been declared winner of the coveted ‘Golden Peacock Award for Excellence in Corporate Governance’* for the year 2020. The award was presented to the Company at a virtual felicitation ceremony held in February 2021.
Blue Star was adjudged winner by the Awards Jury under the Chairmanship of Honourable Justice M N Venkatachaliah, former Chief Justice of India, the statement said.
Blue Star, with a rich pedigree of 77 years, in its persistent endeavor to adopt and implement best-in-class governance policies and practices, continues to institute several governance measures that have helped the Company win this laurel for the second year in succession, it added.
It is noteworthy to mention that, for 2019, Blue Star was bestowed with ‘The Best Governed Company’ award in the Listed Segment (Medium Category) by Institute of Company Secretaries of India for implementing best practices in Corporate Governance, in addition to winning the Golden Peacock Awards for Excellence in two categories – Corporate Governance and Corporate Ethics; a hat-trick of awards won by Blue Star in FY20!, the company said in a release.
Commenting on the recognition, Vir S Advani, Vice Chairman & Managing Director, Blue Star Limited, adds, “Winning this reputed award for the second time in a row is indeed a matter of pride for us. We firmly believe in consistently adhering to the highest standards of Corporate Governance, a belief that is reinforced through our commitment to Blue Star’s Code of Conduct at all levels of the organisation. We also believe that our commitment to good governance practices has been enabling us to successfully navigate through the challenges that are arising due to the pandemic, in a resilient manner.”
