CBZ scoops best governed company award

CBZ Holdings chief executive Mr Never Nyemudzo (centre) receiving the trophy for the Best Governed Company on the Zimbabwe Stock Exchange for the second year running, from the Institute of Chartered Secretaries and Administrators officials last Thursday. — (Picture by Justin Mutenda)

Business Reporter—
CBZ Holdings won the trophy for the best governed company on the Zimbabwe Stock Exchange for the second year running, while NMB Bank was awarded the trophy for being the best governed banking institution. The Zimbabwe Investment Authority won the inaugural State Enterprises and Parastatals Best Corporate Governance Practices trophy. The awards were presented at the third annual Institute of Chartered Secretaries and Administrators in Zimbabwe (ICSAZ) Excellence in Corporate Governance Awards ceremony at Cresta Lodge in Harare on Thursday last week.

Other corporate governance award winners included ZimTrade and the Infrastructure Development Bank of Zimbabwe, which won second and third place respectively in the State Enterprises and Parastatals Best Corporate Governance Practices category. This is the first year that there has been an award category for state enterprises, parastatals and grant-aided institutions.

Dairiboard Holdings came second and Delta Corporation third in the best governed company category, while in the best governed banking institution category CBZ Bank came second and FBC Bank third.