For the fourth consecutive year, Zenith Bank Plc has been named as the Best Corporate Governance 'Financial Services' Africa 2023 by the Ethical Boardroom. The award, which was published in the Spring 2023 edition of The Ethical Boardroom magazine, is in recognition of the bank’s adherence to global best practices and institutionalization of corporate governance, setting an industry-wide example of best practices in that field.
Speaking
on the recognition, the Group Managing Director/Chief Executive of Zenith Bank
Plc, Dr. Ebenezer Onyeagwu, said: “I am extremely pleased that Zenith Bank has
been awarded the Ethical Boardroom Corporate Governance Award as a regional
governance champion for the fourth year running. No doubt, the bank’s board has
pioneered the exemplary governance culture for which we are now renowned.
Indeed, this recognition reflects our steadfast commitment, discipline and high
ethos in the conduct of our business and dedication to the principles of good
corporate governance. This award will motivate us to strengthen this culture
internally and advocate for good governance at every forum”.
He
dedicated the award to the Founder and Group Chairman, Jim Ovia, CFR, for
providing the template for an enduring and very successful institution; the
Board for their vision and outstanding leadership; the staff for their
dedication and commitment; and the bank’s customers for their unwavering
loyalty to the brand.
Ethical
Boardroom is a trailblazing and leading international magazine that delivers
in-depth coverage and critically-astute analysis of global corporate governance
issues to help boards stay ahead of the governance curve.
Zenith
Bank has been generally adjudged a Corporate Governance compliant bank by the
Nigerian Exchange (NGX) hence its listing on the Premium Board of the Exchange.
The bank continues to sustain this reputation and reappraise its processes to
ensure that its business conforms to the highest global standards at all times.
The
bank’s track record of excellent performances has continued to earn it numerous
awards including being recognised as the Number One Bank in Nigeria by Tier-1
Capital, for the 13th consecutive year, in the 2022 Top 1000 World Banks
Ranking published by The Banker Magazine; Bank of the Year (Nigeria) in The
Banker's Bank of the Year Awards 2020 and 2022; Best Bank in Nigeria, for three
consecutive years from 2020 to 2022, in the Global Finance World's Best Banks
Awards; Best Commercial Bank, Nigeria 2021 and 2022 in the World Finance
Banking Awards; Best Corporate Governance Bank, Nigeria in the World Finance
Corporate Governance Awards 2022; Best Commercial Bank, Nigeria and Best Innovation
In Retail Banking, Nigeria in the International Banker 2022 Banking Awards.
Also, the bank emerged as the Most Valuable Banking Brand in Nigeria in the
Banker Magazine Top 500 Banking Brands 2020 and 2021, and Retail Bank of the
year, for three consecutive years from 2020 to 2022, at the BusinessDay Banks
and Other Financial Institutions (BAFI) Awards. Similarly, Zenith Bank was
named as Bank of the Decade (People's Choice) at the ThisDay Awards 2020, Bank
of the Year 2021 by Champion Newspaper, Bank of the Year 2022 by New Telegraph
Newspaper, and Most Responsible Organisation in Africa 2021 by SERAS Awards.
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