THE Papua New Guinea Institute of Directors 12th Annual Awards Night was held at APEC Haus, Port Moresby, last Thursday.
There were four awards accorded to the recipients Serena Sasingian (Young Director of the Year) Mahesh Patel (Male Director of the Year) Play Station (Most innovative company award of the Year) and Kina Bank Limited (Best Annual Report Award of the Year). The Young Director of the Year recipient (Ms Sasingian) is the current chief executive officer of the Digicel Foundation PNG and she has 12 years experience in the field of development and public policy working in private sector and not for profit sector. Back in 2007 she was a co-founder of not-for-profit organization The Voice Inc.
City Pharmacy Limited Group managing director Mahesh Patel has contributed a lot in terms of actively involved in fostering business with focus on Corporate Social Responsibility. His leadership and having spent almost 25 years in PNG, has seen CPL as one of PNG’s iconic, largest and diversified retail outlets nationwide.
Deputy Prime Minister and Minister for Justice and Attorney-General Davis Steven acknowledged the good work the institute has done especially in training and educating its members. He said this then helps to shape the business life and corporate world of PNG.
“As you may have noted the government has been making bold statements and already put some good tough measures to deal with our national economy,” said Mr Steven.
“Going forward it will be a partnership between government and business working hand in hand to deliver the outcomes of our stakeholder’s desire and our people deserve. Business must now meet the shareholder expectations and for the government we must meet the desires and expectations of our people and for politics those of the electorates.”
Mr. Steven also spoke on how recent political changes and confronting tough economic conditions and highlighting three issues of great concern. These issues include change of government resulting in the country finding new course, the government’s mantra of taking back PNG and making it as a richest black Christian nation by 2029 and reforms in the economic space with regards to state-owned enterprises (SOEs).
The Deputy Prime Minister reiterated the government’s focus on improving the corporate governance of state institutions.