Malabar Gold and Diamonds Honored with Award for Compliance and Risk Management Excellence

The company recently received the esteemed 'Compliance and Risk Management Team of the Year 2023-24' award at the 13th Annual Legal Era-Indian Legal Awards

Post By : IJ News Service On 10 May 2024 12:49 PM

Malabar Gold and Diamonds has been honored with the esteemed Legal Era-Indian Legal Award for its outstanding performance in compliance and risk management. The company, renowned globally as the 6th largest jewelry group and ranked 19th in Deloitte's Global Ranking of Luxury Products, received the 'Compliance and Risk Management Team of the Year 2023-24' award, reaffirming its dedication to legal excellence and ethical business practices.

In a field marked by formidable corporate contenders such as Aditya Birla Group, Hindustan Unilever Limited, and Tata Steel Limited, Malabar Gold and Diamonds emerged as a standout, showcasing exemplary adherence to corporate governance standards. The recognition underscores its commitment to maintaining the highest levels of compliance and risk management.

The selection process, overseen by a distinguished panel including legal luminaries such as former Chief Justice of India Dipak Misra, recognized Malabar Gold and Diamonds' significant contributions to the legal sphere. The award ceremony, held at Hotel Taj Palace, New Delhi, saw the company's leadership, including Vice Chairman KP Abdul Salam and Legal and Corporate Affairs Group Head Rajeev Nair, accepting the accolade.

MP Ahammed, Chairman of Malabar Group, expressed pride in receiving the award, highlighting the commendable work under the leadership of the Company Secretary. The company's mission, 'Make in India, Market to the World,' reflects its commitment to national prosperity through employment generation and adherence to stringent compliance standards.

Operating on a global scale, Malabar Gold and Diamonds prioritizes regulatory compliance and transparent relationships with stakeholders. With a focus on responsible sourcing of gold and adherence to ethical standards, the company remains dedicated to socio-economic development in the regions it serves, contributing to a sustainable future.

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