Business

NCB cops JSE GG Award 4th year running

Sunday, December 08, 2013    

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NATIONAL Commercial Bank Jamaica (NCB) received the 2013 Governor General's Award for Excellence at the annual Jamaica Stock Exchange (JSE) Best Practices.

It was the fourth consecutive year that the banking group was awarded for the maintenance of international best practices in business.

"NCB proudly adds this outstanding achievement to its list of wins for the past financial year, mindful that it is a powerful symbol of our dedication as a financial services group to excellence in service to our valued shareholders and customers," said Group Managing Director Patrick Hylton on receipt of the award.

He noted that the award was particularly welcome because it is given by the governor general to the overall winner of the JSE Best Practices Competition and, most importantly, to the company that maintains international best practices.

NCB, as was the case in previous years, also walked away with other top prizes during the ceremony, chief among these being the Best Practice's Best Annual Report Award, won for NCB's Jamaica 50/NCB 175 edition of its annual report. The bank also received the Private Sector Organisation of Jamaica's Corporate Governance Award; a joint win with the Bank of Nova Scotia.

NCB was also second runner-up in two highly competitive award categories: Best Practice Corporate Disclosure & Investor Relations and Best Practice Website (listed companies), which was shared with LIME Jamaica.

The bank's high-performance subsidiary NCB Capital Markets was also second runner-up for the JSE Member - Dealers Expansion of Investors & Listed Companies Base Award and for the JSE Member -Dealers Revenue Generation & Market Activity trophy.

The JSE Best Practices Awards were established as an avenue to recognise listed companies and stockbrokers in the securities industry who uphold best-practices standards.

They are also intended to enhance the relationship between the JSE and its stakeholders and, create awareness of the standards for best practices in the various areas.

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