HDFC Life wins the ‘Best Governed Company Listed Segment: Large Category’ at the 21st ICSI National Awards for Excellence in Corporate Governance

 

by Priya J

New Delhi; December , 2021: HDFC Life, one of India’s leading life insurance companies, has been adjudged the ‘Best Governed Company Listed Segment: Large Category’ at the 21^st edition of the ICSI National Awards for Excellence in Corporate Governance. The award was presented by Hon’ble Union Minister of Home Affairs and Minister of Cooperation, Shri Amit Shah, who graced the occasion with his presence. 

The eminent Jury was headed by the Hon’ble Shri Justice P. Sathasivam, Former Chief Justice of India, who evaluated numerous companies to choose the best governed company in Large, Medium & Emerging categories in both listed and unlisted segments. 

Vibha Padalkar, Managing Director & CEO, HDFC Life said “I would like to thank ICSI and the Jury for this prestigious award. We at HDFC Life are committed to living the highest standards of Corporate Governance. We believe that a strong focus on Environmental, Social & Governance create long-term value for all stakeholders. Excellence is a journey. This recognition spurs us on to stay committed to our goal of protecting India with pride and be the obvious choice for all.” 

Suresh Badami, Executive Director, HDFC Life added, “We are committed to building a strong and sustainable company through best-in-class governance. Life insurance solutions enable our customers to live a life of pride, in line with our motto ‘Sar Utha Ke Jiyo’. We will continue to serve the nation by securing a larger population through more innovative products." 

Narendra Gangan, General Counsel, Chief Compliance Officer and Company Secretary, HDFC Life was also conferred with the Governance Professional of the Year award at the event. He responded by saying, “Corporate Governance is an integral part of our DNA. We thank you for recognising our work as we serve our customer’s needs and provide best-in-class experience.” 

The awardees were selected through a rigorous and comprehensive six-step evaluation process that covered the evaluation of responses on various compliance and governance parameters. A further evaluation based on principles of good corporate governance was conducted. This was followed by a corroboration of the Independent Directors and the regulatory response confirming the credentials of the company. Prior to final selection by the Jury, the screening of shortlisted companies was done by Experts.