NSE Hails Mansard Plc’s Corporate Governance Practice

 NSE

By Eromosele Abiodun

The Nigerian Stock Exchange (NSE) has recognised Mansard Insurance Plc as one of the companies quoted on the exchange with outstanding corporate governance performance endorsed and recognised amongst seven other pilot companies.

This was disclosed by the NSE when it recently announced its newly introduced Corporate Governance Rating System (CGRS).

The Regulator further disclosed that it is now mandatory for all quoted companies as the Corporate Governance Rating System (CGRS) is designed to rate companies listed on the NSE based on their corporate governance and anti-corruption culture, thereby improving the overall perception of and trust in Nigeria’s capital markets and business practices.

The company recently emerged the first place overall winner in Insurance & Pensions category at the 2014 Nigerian Risk Awards which held in Lagos.

Also, Omokayode Oluwole of the Enterprise Risk Management Unit of Mansard emerged the 1st Runner Up for the Risk Manager of the Year award.

The Nigerian Risk Awards organised by Conrad Clark Nigeria Limited in collaboration with Business Day and UK Institute of Risk Management is dedicated to rewarding organisations and individuals who have achieved results through the effective implementation of enterprise risk management principles.

Winners of the Nigerian Risk Awards were chosen by a panel of 18 high calibre judges from Risk Management Consultants background in the UK, USA, Cyprus, Germany and Nigeria.

The company in a statement said the initiatives it deployed which were key to its emergence as the first place overall winner in Insurance & Pensions category include, reinforcement of risk culture & awareness and building of capacity through communication and training, both local and overseas.

Also, at the fourth edition of Marketing World Awards, which held on November 7, 2014 at Oriental Hotel, Mansard Insurance Plc was adjudged Insurance Brand of the year.

The Marketing World Awards is an annual event organized by Instinct Wave Group to reward, recognise and celebrate companies with outstanding marketing initiatives.

Mansard Insurance Plc, was incorporated in 1989 as a private limited liability company and is registered as a composite company with the National Insurance Commission of Nigeria (NAICOM). The Company offers life and non-life insurance products and services to individuals and institutions across Nigeria whilst also offering Investment Management and Health Maintenance solutions through its two subsidiaries, Mansard Investments Limited and Mansard Health Limited respectively. The company also recently received NAICOM’s approval for Micro Insurance Operations.