The Institute of Directors has recently announced ONGC as the winner of Golden Peacock Award for Risk Management for 2019. ONGC will receive the award at Singapore Global Convention on Board Leadership and Risk Management and Global Business Meet. Several leading industry players will be present during the meet.
In accordance with the officials, ONGC bagged the award in order to recognize the effective risk management process in place in the energy Maharatna, embedded at all levels of its operations and the entire value chain.
ONGC has always laid substantive emphasis on a robust risk management framework as a good corporate governance practice, to ensure a sustainable business growth and to proactively manage the risks associated with its operations in exploration and exploitation of oil and gas.
