FBC Scoops Five ICSAZ Excellence in Corporate Governance Awards

Friday, January 12, 2018

FBC Group’s flagship unit, FBC Bank, won five Corporate Governance Awards at the Institute of Chartered Secretaries and Administrators in Zimbabwe (ICSAZ) Excellence in Corporate Governance Awards Dinner held on 29 November 2017. The awards are listed below:

  1. FBC BankMerit Award for Best Banking Risk Management Disclosures
  2. FBC BankSecond Prize for Best Banking Internal Audit Disclosures
  3. FBC Bank: Second Prize for Overall Best Banking Corporate Governance Disclosures
  4. FBC Bank: Third Prize for Best Banking Board Governance Disclosures
  5. FBC Holdings: Third Prize for Best Stakeholder Practices and Sustainability Reporting

Announcing the development, Tich Mabeza (Group Company Secretary) advised the group’s internal stakeholders that FBC Holdings scooped a prestigious listed company’s award for the first time. “Firstly, FBC Holdings won the Third Prize for Best Shareholder Practices & Sustainability Reporting under the Listed Companies Category. This is the first time FBCH has won a prize under the Listed Companies Category. The total number of listed entities in Zimbabwe is currently in excess of 60,” he said.

ICSAZ’s Excellence in Corporate Governance acclaims are Zimbabwe’s most prestigious awards. They recognise organisations for demonstrating best practices in corporate governance. The Institute’s annual Excellence in Corporate Governance Awards were introduced in 2013. The recognitions are Zimbabwe’s most prestigious awards for corporate governance. They aim to promote Zimbabwe’s corporate governance standards by recognising corporate governance practitioners and organisations that, according to the Institute’s set criteria and in the opinion of an adjudication panel, represent the best practices for benchmarking excellence in corporate governance in the country. To date, the Institute has received tremendous support for the Awards from the government, regulators, the corporate sector and professional counterparts.