Part - I : Award Scheme

Invitation

The "World Council For Corporate Governance" (WCFCG) and Centre for Corporate Governance (CFCG) have great pleasure
in inviting applications for The Golden Peacock Award For Excellence in Corporate Governance. The Award Scheme for Corporate
Governance was instituted in January 2001 to encourage initiatives in Corporate Governance globally and in India including :

• Public undertakings
• Private undertaking - Manufacturing Sector/Service Sector and Finance Sector
• Government/Municipal Departments

The Golden Peacock Award for Corporate Governance stimulates and helps organisations to rapidly accelerate the pace
of customer-oriented improvement process. It is a powerful self-assessment process and a way to build an organisations’
brand equity on 'Corporate Governance.' The preparation for the award helps to inspire and align the entire work force and management functions. The knowledge gained by the organisation in describing and self-assessing its operations leads to IMPROVED organisational performance.

The Awards

The Golden Peacock Award For Excellence in Corporate Governance, will be awarded annually, separately under global and local schemes. Each category, at the discretion of the Jury may have none or more than one award'. Each winner receives a trophy together with a certificate. The Golden Peacock Award for Excellence in Corporate Governance would be adjudged separately, under the following categories; for Large (Annual turnover more than Rs. 300 crores) and Small & Medium Enterprises (Annual turn over less than Rs. 300 crores).

Eligible Categories

1. Public Sector Units (PSUs)

2. Private Sector organisations - separately for Manufacturing, Service & Finance sectors.

3. Government/Municipal Organisations, Undertakings & Public utility Services.

Eligibility

Organizations or parts of organisations (self accounting profit centres) in the private and public sector operating in India or Globally may participate in the above award schemes.

The decisive factor for eligibility is that the operations of the applicant must adequately correspond to all the Award criteria and which can be verified at the time of evaluation.

The operations of the applicant must be carried out independently, meaning that responsibilities, authorities, results, etc. are clearly defined. This must be documented, for example, in the annual report, organisation plan or equivalent.

Rules & Regulations

• Golden Peacock Awards Secretariat (GPAS) GPAS reserves the right to alter the Award Scheme.
• GPAS reserves the right to award more than one trophy each year and also to withhold awards if therequired standards are not met.
• GPAS accepts no liability for any loss resulting from the disclosure of information concerning an entry,though all reasonable precautions will be taken to maintain secrecy.
• GPAS cannot undertake to return documents or supplementary material submitted with an entry.
• Selected Finalists Award winners may be invited to make a brief presentation to the jury or in the ensuing"International/National Conference on Corporate Governance" for closure assessment and to share theirexperiences.
• The decision of the GPAS, on the recommendations of the Jury is final and no appeal or correspondence will be entertained.

Non-Disclosure & Confidentiality

Names of applicants, commentary and scoring information developed during the review of applications areregarded as proprietary by GPAS and are kept confidential. Such information is available only to those individuals directly involved in the assessment and administrative process.

GPAS will take all reasonable action to ensure that applications and information therein are treated in strict confidence. However, in no way can GPAS be held responsible for any loss of confidentiality to a third party.

Moreover, GPAScannot be held liable for any damage (to goods, or persons, financial loss or consequential) incurred through the breach of confidentiality or otherwise by the applicants or any third party.

Application Fees

The application fee is Rs.39,500/- for large and small/medium organisations.

The fee should accompany your application, in the form of demand draft/cheque in favour of 'Institute of Directors', payable at New Delhi.

ALL ENTRIES SHOULD BE ADDRESSED TO :

GOLDEN PEACOCK AWARDS SECRETARIAT
IOD House
M-52 (Market), Greater Kailash-II
New Delhi-110048
INDIA

Tel: +91-11-41636294, 41636717
Fax:+91-11-29217475
Mobile: 00-91- 9811135151

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it , This e-mail address is being protected from spambots. You need JavaScript enabled to view it

It looks for transparency and excellence in Corporate Governance is not merely meeting legal and financial requirement s, but bringing out role of non-executive directors and social & Environment al commitments.