National, 15 December 2017: InterGlobe Hotels has been honoured with the prestigious ‘Golden Peacock Award 2017’ for Risk Management for the second year in a row at the ‘Golden Peacock Award Ceremony’ in a ceremony held in Singapore. The award was presented to Ashish Kumar, Chief Financial Officer, InterGlobe Hotels by H.E. Mr. Jawed Ashraf (IFS) – High Commissioner of India to Singapore
Every year, the nomination committee receives around 1,000 applications for various categories of awards which are evaluated following a three-tier evaluation process. The award for Risk Management is judged on the parameters which include assessment, identification, analysis, evaluation and treatment of risks to promote, preserve and protect quality and quantity of Human Resources, property assets and other financial assets of the organization.
Winning this award for the second consecutive year is a recognition of the company’s rising contribution towards risk management and overall development. Mr. Ashish Kumar, Chief Financial Officer, InterGlobe Hotels, said, “We are humbled and delighted to be recognized for our initiative. Managing and minimising risks is an indispensable part for any company, and at InterGlobe Hotels, we constantly strive towards achieving Corporate Excellence. I would like to congratulate my team for their constant hard work, sincerity and strong customer-centric approach. This award motivates us further to keep innovating, energising and regenerating our practices.”Commenting further on risk management practices at InterGlobe Hotels, he further added, “Keeping in view the rapid business growth and increasing business complexities today, it has been our constant endeavour to evolve and incorporate the highest standards of risk management practises. The top management owns the risks which are embedded within all levels of the organisation and tracked via web based governance tools to ensure effectiveness and efficiency of risk management. This facilitates achieving maximum governance with less government.”
Established by the Institute of Directors (IOD) in 1991, The Golden Peacock Awards is regarded as a benchmark of Corporate Excellence worldwide and is co-chaired by Hon'ble Justice M. N. Venkatachaliah, (also the chairman, Institute of Directors and former Chief Justice, Supreme Court of India) and Justice (Dr.) Arijit Pasayat, former Judge, Supreme Court of India and former Chairman, Competition Appellate Tribunal & Authority for Advance Ruling (Customs, Central Excise & Service Tax).
ABOUT INTERGLOBE HOTELS
InterGlobe Hotels is a joint venture between InterGlobe Enterprises and Accor Asia Pacific, established in 2004, to develop a network of 'ibis' hotels throughout India, Nepal, Sri Lanka and Bangladesh. This represents one of the most noteworthy financial commitments made to the mid-market hotel segment in India by any Indian corporate entity and international hotel chain. With 15 hotels now open and 7 under development, the company shall have a portfolio of 22 operational hotels with a room inventory of about 3,900 rooms by 2022. InterGlobe as a brand is famous for Insight, Ingenuity and Diligence and it sustains these attributes through delivery of new perspectives, operational excellence and generosity of spirit. By challenging conventional thinking and industry norms, IGH devises creative processes and new implementation methods to bring about operational excellence in their performance. InterGlobe imagines the future through experimentation and exploration and comes out with surprising discoveries in a different way.