The League of East African Directors (LEAD) is set to recognize various Non-Executive Directors for their outstanding services in the country.
Under the theme “Celebrating Excellence in Stewardship”, the Non-Executive Directors will be recognized on the NED Awards 2023 slated on the 23rd of November 2023 at Sheraton Hotel Kampala
The primary aim of these awards is to honor the accomplishments of Non-Executive Directors who play a pivotal role in the daily success and growth of businesses across Uganda and the broader East African region.
The awards ceremony is dedicated to celebrating their expertise, strategic guidance, and their contributions towards fostering NEDs and enhancing the quality of board directors in the region.
The CEO of LEAD, Pheona Wall said, The NED awards serve as a foundational platform for Non-Executive Directors (NEDs) aspiring to secure more prominent board roles and offer them an opportunity for professional growth within the governance sector throughout East Africa.
She said recently courts ruled that director’s duties are no longer legal, they can be arrested for the wrong decisions, because the standard for a director now is a standard of skill. It’s no longer to just get anybody.
“We realize that we need to reward the non-executive who don’t have a stake in the company, who are rarely compensated for the kind of experience, expertise, net worth, the brand muscle that they bring to the brands that they represent,” she said.
“With a commitment to excellence, Quality Assurance partner for the NED Awards is an embodiment of our dedication to maintaining the integrity and objectivity of the recognition process for outstanding non-executive directors,” said Ms. Sandra Nakibuule Batte, Associate Director at Ernst & Young
The NED AWARDS chairman organizing committee Jimmy Serugo applauded its partners Ernst & Young who felt compelled to create an opportunity through which the role and contributions of the Non-Executive Directors (NEDs) are appropriately appreciated.
Eunice Waweru, the Finance and Strategy Director-Uganda Breweries Limited said the brewery is proud and honored to be part of the third NED Awards to recognize and honor all the non-executive directors whose contribution is key to ensuring sustainable business operations and overall performance”.
“These are awards that are given to the board of directors of different companies that have excelled in their work and that have seen their companies grow. We want to celebrate them because in most cases these board members are not executive members of the organizations who do a lot but they end unrecognized,” Jackie Tahakanizibwa, the Corporate Relations Manager of Uganda Breweries said.
the awards will be accorded to Non-Executive Directors in the listed companies, Private, Public, and Not-for-Profit Sectors; Lifetime Achievement, honoring those whose wisdom and leadership have left an indelible mark and NED to Watch, highlighting Rising stars, the future leaders in the Boardroom.
