Factories Corporation of Jamaica (FCJ) Ltd. was named 1st Runner-Up in the 2024 Public Bodies’ Corporate Governance Awards, walking away with 4 of the night’s prestigious awards.
FCJ was awarded: 2nd place – Greta Bogues Award for Excellence in Corporate Governance, 1st place – Most Outstanding Chairman, 1st place – Finance Minister’s Award for Board Composition, Functions and Structure, and 3rd place – Finance Secretary’s Award for Risk Management & Internal Controls.
The Most Outstanding Chairman Award was introduced for the first time at this year’s award ceremony and was awarded to FCJ Chairman, Hon. Lyttleton ‘Tanny’ Shirley, OJ, CD, JP. The award recognises the Chairman “who’s commitment to advancing the corporate governance agenda across the public body is unparallelled.”
The Public Bodies’ Corporate Governance Awards is a collaboration between the Ministry of Finance and the Public Service and the Private Sector Organisation of Jamaica (PSOJ), and honours public bodies that exemplify high standards of corporate governance.
There are over 200 entities in the public sector, 10 of which were shortlisted to vie for the coveted Greta Bogues Award for Excellence in Corporate Governance. Among the nights big winners were National Health Fund, National Solid Waste Management Agency, National Export – Import Bank of Jamaica and Petrojam Ltd. The National Health Fund was awarded the overall winner of the Greta Bogues Award for Excellence in Corporate Governance.
The 2024 Public Bodies’ Corporate Governance Awards was held on December 4, 2024 at the Jamaica Pegasus Hotel, under the theme “Fuelling Change for Global Impact.”
Participating public bodies were assessed in 8 areas, divided into 2 categories: Special and Dedicated Awards. These were: Best Annual Report; Most Improved Public Body; Best Website; Most Outstanding Chairman; Board Composition, Functions & Structure; Corporate Governance Policies, Procedures & Practices; Compliance & Disclosure of Information; and Risk Measurement & Internal Controls.
The initiative, launched in 2016, serves to enhance governance disclosure and highlight entities demonstrating exceptional adherence to the principles of good governance.
