JSE Best Practices Awards – December 8, 2010

Governor General Sir Patrick Allen, along with his wife Lady Allen will for the first time be in attendance at the Jamaica Stock Exchange’s Best Practices Awards function, which will be held at the Jamaica Pegasus Hotel on Wednesday, December 8, 2010. The function will be held under the distinguished patronage of his Excellency, Governor General Patrick Allen who will also be our Guest Speaker. Also, in attendance will be United States Ambassador to Jamaica Pamela Bridgewater along with her husband. The Best Practices awards were established in 2004 to recognize Listed Companies and Brokerages who have consistently upheld Best Practices standards throughout their organization.

PanCaribbean and Scotia DBG Limited won the coveted 2008 Governor General Award’s for Excellency as they were adjudged the best overall company for 2008. The Best Practices Awards Committee under the Chairmanship of Professor Neville Ying has completed their deliberation for the 2009 period and awards will once again be made in six categories this year. According to Mrs. Street Forrest, General Manager of the Jamaica Stock Exchange” these awards are timely given the turmoil in the global economy, which has brought into sharp focus the need for good governance and best practices within all organizations”.

In addition to the Governor General award, other awards are:

       BEST PRACTICES ANNUAL REPORT AWARD “Which is to encourage public listed companies to produce clearer more reader-friendly annual reports and to provide greater insight into companies’ financial affairs, governance practices and business activities”.


       BEST PRACTICES CORPORATE DISCLOSURE AND INVESTOR RELATIONS: “Which is to recognize and encourage companies to make timely and accurate reports and announcements to the JSE and maintain good investor relations with the wider investing Public.”


       BEST PERFORMING COMPANY: “Which is to identify and recognize outstanding performance by listed companies in enhancing shareholder value in the areas of return on capital efficiency, improved profitability and direct return on shareholdings.”


       BEST PRACTICES INVESTOR RELATIONS AWARD (STOCKBROKERAGES):“To recognize excellence in the service provided by stockbrokerages to investors.”

       BEST PRACTICES WEBSITE AWARD (TO INCLUDE STOCKBROKERAGES & LISTED COMPANIES): “To encourage listed companies and stockbrokerages to raise the quality and efficiency of the dissemination of information to the investing public via the website”.

       PSOJ Corporate Governance Awards: “To recognize companies that demonstrates and practice outstanding corporate governance.”