Cairn India bags Golden Peacock Award

Cairn India Limited, Asia's fastest growing E&P Company and one of India's leading upstream oil & gas companies has been awarded the 'Golden Peacock Award for Excellence in Corporate Governance' for the year 2012 .

The award was received by Ms. Neerja Sharma Director, Risk Assurance and Corporate Secretary on behalf of the company, from the Eric Pickles MP, Secretary of State for Communities and Local Govt. UK., Ola Ullsten, former Prime Minister of Sweden and Co-Chair of the World Commission on Forests and Sustainable Development and Lt Gen J S Ahluwalia, PVSM (retd), President, Institute of Directors, India.

The award is received by Ms. Neerja Sharma, Director, Risk Assurance and Corporate Secretary on behalf of the company, from Eric Pickles MP, Secretary of State for Communities and Local Govt. UK., Ola Ullsten, former Prime Minister of Sweden and Co-Chair of the World Commission on Forests and Sustainable Development and Lt Gen J S Ahluwalia, PVSM (retd), President, Institute of Directors, India.

The award was conferred at a specially organized "Awards Nite" at the Nursery Pavilion Hall of Lord's Ground, London, in the presence of a distinguished gathering of business leaders, jurists, academics, parliamentarians, economists, legislators and policy makers during the London Global Convention- 2012, last week in London.

For the past 17 years, Cairn India has successfully demonstrated its ability to explore, discover and fast track hydrocarbon reserves for production. Today, the company operates over 200,000 BOEPD of hydrocarbons across its various assets, contributing over 20% to India's current domestic crude oil production.

Cairn India believes that good governance is the basis for sustainable growth of the business and for enhancement of stakeholder value. The empathy of the management of the company towards its manpower, health and safety is depicted in its policies. The company strives to ensure that best Corporate Governance practices are identified, adopted and consistently followed.

Elango P CEO and Director Strategy Cairn India said: "At Cairn India our corporate governance philosophy is structured to institutionalise policies and procedures that enhance the efficacy of the Board.

We are committed to operating in accordance with best practice in business integrity and ethics and maintaining the highest standards of financial reporting and corporate governance designed to protect the interests of all stakeholders while promoting the highest norms of integrity, transparency and accountability."

Golden Peacock Awards, instituted by Institute of Directors in 1992, are recognized as the hallmark of corporate excellence worldwide, because of their independence, integrity and transparency.

In 2007, Cairn India Limited was listed on the Bombay Stock Exchange and the National Stock Exchange of India. Cairn India is now part of the Vedanta Group, a globally diversified natural resources group with wide ranging interests in aluminium, copper, zinc, lead, silver, iron ore, etc.

Cairn India is headquartered in Gurgaon in the National Capital Region, with operational offices in Tamil Nadu, Gujarat, Andhra Pradesh, Rajasthan and Sri Lanka.

The company has a world-class resource base, with interest in eight blocks in India and one each in Sri Lanka and South Africa.