25^th February 2016, Karachi Pakistan’s leading cement manufacturer Lucky Cement Limited has won the 31^st Corporate Excellence Award in the cement category, bestowed by the Management Association of Pakistan (MAP). The Corporate Excellence Awards was instituted by MAP in 1982 to recognize and honor companies showing outstanding performance and demonstrating progress and enlightened management practices.
The award was received by Amin Ganny, Chief Operating Officer, Lucky Cement Limited. “This award is an expression of our commitment to best management and governance practices. Winning it second year in a row not only gives us pride but also strengthens our resolve to continue responsible growth,” said the Chief Operating Officer.
The award has a prudent criteria divided in five phases. In the first phase only those public-listed companies are shortlisted that have disbursed 45% aggregate dividend in last three years. In the second phase the shortlisted companies are evaluated on the basis of their financial performance and the final two phases scrutinize the management and governance practices.
Lucky Cement Limited is frequently lauded for its transparent financial disclosures and sustainable practices. In addition, the company is internationally recognized for its environmental management systems complying with international standard BS-EN14001:2004.