12 November 2016 Current Affairs: The Steel Authority of India Limited (SAIL) has won the prestigious 2016 Golden Peacock Award for Corporate Governance. The award was received by Ashwini Kumar, CEO of Rourkela Steel Plant (RSP) on behalf of SAIL during the 16th London Global Convention on Corporate Governance and Sustainability in London, UK.
SAIL was bestowed with this award on account of its exemplary performance in the field of corporate governance i.e. for balancing the interests of all the stakeholders of the company management, customers, shareholders, suppliers, financiers, government and the community.
Steel Authority of India Limited (SAIL) : SAIL is one of the largest state-owned steel in India and one of the top steel makers in world. SAIL is the 24th largest steel producer in the world. It was founded in 1954 and incorporated in 1973.
Its headquarters are in New Delhi. It operates and owns 5 integrated steel plants at Bhilai, Durgapur, Rourkela, Bokaro and Burnpur and 3 special steel plants at Salem, Durgapur and Bhadravathi.
Golden Peacock awards : Instituted by the Institute of Directors (IoD) in 1991. They are presented annually under various categories. The awards comprise to sets Global Awards and National Awards.