MPCL Wins 1st Position at 33rd Corporate Excellence Awards
MPCL has won 1st Position (in E&P Sector) for the implementation of Best Management Practices for the 2nd consecutive year.
The Award was conferred at 33rd Corporate Excellence Awards Ceremony arranged by the Management Association of Pakistan (MAP) on Tuesday, February 27, 2018 in Karachi.
The Corporate Excellence Award was instituted by the Management Association of Pakistan in 1982 with the aim to recognize and honor companies showing outstanding performance and demonstrating progressive and enlightened management practices.
The evaluation for the Awards comprised of four phases i.e. (i) shortlisting on the basis of dividend payouts during the last three years (ii) detailed financial assessment (iii) review of management practices, and (iv) management interviews. The evaluation was carried out and the results were compiled by a neutral third party consultant hired by MAP.