India: GAIL Receives ICSI National Award

GAIL (India) Limited received the coveted ICSI National Award for Excellence in Corporate Governance for adopting excellent practices in Corporate Governance.

Mr. B C. Tripathi Chairman and Managing Director GAIL (India) Limited received this award on behalf of GAIL from Shri E S L Narasimhan, Hon’ble Governor, Andhra Pradesh in presence of Dr. M VeerappaMoily, Hon’ble Union Minister for Corporate Affairs and other dignitariesyesterday evening in a function held at Hyderabad organized by the Institute of Company Secretaries of India at 11th ICSI Award for Excellence in Corporate Governance 2011 function. Mr. N K Nagpal, Company Secretary, GAIL (India) Limited is also presented an award for setting best practices in Corporate Governance during the function.

GAIL has institutionalized several processes and procedures to bring transparency and fairness in its transactions with all its stakeholders. GAIL has become an e-enabled company where all processes are conducted through electronic mode which includes e-tendering, e-banking, e-Performance Management System, e-Budgeting System and e-Document Management System.

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LNG World News Staff, December 26, 2011