Corporate Excellence Awards: criteria & assessment process.

(From Business Recorder)

Byline: MUHAMMAD ANEES

The Corporate Excellence Award was instituted by MAP in 1982 with the sole aim to recognising and honouring companies showing outstanding performance and demonstrating progressive and enlightened management practices.

FOR ASSESSMENT PURPOSE THE LISTED COMPANIES HAVE BEEN DIVIDED INTO TWO CATEGORIES - VIZ:

-- Business & Industrial Category

-- Financial Category

THE BUSINESS AND INDUSTRIAL CATEGORY COMPANIES HAVE BEEN FURTHER SUB-DIVIDED INTO FIVE SECTORS, NAMELY:

-- Textile and Allied sector (Cotton, Synthetic, Rayon, Jute and Woollen Textiles)

-- Chemicals and Allied Sector (Chemicals, Pharmaceuticals, Fuel and Energy).

-- Food and Allied Sector (Food, Sugar, Banaspati, Tea and Tobacco).

-- Engineering and Allied Sector (Engineering, Auto and Allied Engineering, Cables and Electrical Goods)

-- Miscellaneous Sector (Glass & Ceramics, Leather Goods, Garments, Construction etc).

Similarly, in the Financial Category all the companies have been sub-divided into the following three sectors.

-- Commercial Banks Sector (includes all listed Commercial Banks.)

-- Non-Banking Financial Institutions Sector (Includes Investment Banks, Leasing Companies, Securities Companies, Modarabas and Mutual Funds).

-- Insurance Sector (Includes all Insurance Companies).

PHASE 1

SHORT-LISTING ON DIVIDEND PAYMENT:

THIS IS THE QUALIFYING CRITERION OF FIRST SHORT-LISTING COMPANIES FOR THE SECOND PHASE CONSISTING OF DETAILED FINANCIAL EVALUATION AND ENVISAGES:

a)Payment of at least 10% dividend (Cash or Bonus Shares) each year during the last three consecutive years.) …