Luanda – The Angolan commercial bank - Banco Angolano de Investimento (BAI) - was awarded the "Best Corporate Governance Angola 2024" prize by the international business magazine World Finance.
A statement from BAI, which ANGOP had access Wednesday, highlights that the distinction reflects the recognition of the bank's excellence and commitment to the highest standards of corporate governance.
According to World Finance magazine, the award is the result of an exhaustive investigation and qualitative assessment of the banking institution's corporate governance model, highlighting its exemplary performance in the Angolan financial sector.
The main factors that contributed to the award include “a well-structured and efficient board of directors”, “regular, timely and transparent communication with all stakeholders”, “full compliance with corporate governance principles”, “implementation of exceptional Environmental, Social and Governance (ESG) initiatives” and “firm adherence to the values of good corporate governance”.
In the document, BAI states that the award reaffirms its ongoing commitment to maintaining the highest standards of integrity, responsibility and transparency, contributing to the sustainable development of Angola and strengthening the trust of its customers and investors.
Founded in 2007, World Finance is an international business magazine, globally recognized for its analysis of the financial industry, headquartered in the United Kingdom, which offers in-depth coverage of various sectors, including banking, insurance, asset management and capital markets. VC/TED/DOJ
