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JAM | Dec 7, 2022

NHF secures five PSOJ-Ministry of Finance Corporate Governance Awards

/ Our Today

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From left: Dr Marlene Street-Forrest, managing director of the Jamaica Stock Exchange, presents the second-place award for best annual report to NHF representatives Jordan Whitby – corporate planner; Sheally Solomon, senior director – finance, projects and facilities management, and Corporate Secretary Hillary Hutchinson at the 5th annual PSOJ/Ministry of Finance and the Public Service Corporate Governance Awards last Thursday (December 1).

The National Health Fund (NHF) last Thursday (December 1) walked away from the fifth annual Public Bodies Corporate Governance Awards, hosted by the Private Sector Organisation of Jamaica and the Ministry of Finance and Public Service, with five awards.

The haul made the Fund the overall second-place winner.

The overall first-place winner was the Factories Corporation of Jamaica.

The awards are:

  1. The Jamaica Stock Exchange Award for Best Website – first place
  2. The Financial Secretary’s Award for Corporate Governance Policies, Procedures and Practices – first place
  3. Ministry of Finance and Public Service Award for Risk Measurement and Internal Controls – first place
  4. The Jamaica Stock Exchange Award for Best Annual Report – second place, and
  5. The Greta Bogues Award for Excellence in Corporate Governance – second place

“We are very pleased to have earned these five awards. Good corporate governance plays a very strong role in the day-to-day operations of the NHF, and is of utmost importance as the Fund implements relevant strategies and processes in order to yield great results for the organisation,” said Everton Anderson, chief executive officer of the the NHF.

The awards copped by the National Health Fund are [from left) the Financial Secretary’s Award for Corporate Governance Policies, Procedures and Practices – first place; the Jamaica Stock Exchange Award for Best Website – first place; the Greta Bogues Award for Excellence in Corporate Governance – second place; Ministry of Finance and Public Service Award for Risk Measurement and Internal Controls – first place and the Jamaica Stock Exchange Award for Best Annual Report – second place.

The NHF is among 17 public bodies that participated in the PSOJ-Ministry of Finance corporate governance competition.

The four award categories are: Board composition, Functions and Structure; Corporate Governance Policies, Procedures and Practices; Risk Measurement and Internal Controls; Compliance and Disclosure of Information, as well as two special awards for Best Website and Best Annual Report.

The NHF won the PSOJ/MoFPS Award for Corporate Governance for the previous three staging.

“We will continue to innovate and work to make the agency better – it’s a commitment. We also congratulate all the other public bodies that participated this year. It encourages us at the NHF to strive to even higher heights,” said the Everton Anderson.

The Corporate Governance Awards was conceptualised to encourage public bodies to improve their standard of disclosure, instil good corporate governance principles, and to encourage adherence.

Tags
Corporate Governance Awards Ministry of Finance and the Public Service Private Sector Organisation of Jamaica PSOJ Public Bodies

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