The Corporate Governance Gala Award is an annual event organized by the institute and sponsored by various organizations. This event plays an important role in encouraging improvements in the quality of Corporate Governance, helping organizations to reflect on the changing attitudes and expectations among stakeholders, and assess their ESG attitude and their strategic approach to the post covid pandemic.
ICGK leadership understands that the best way to help corporate entities, government, and the economy at large is to recognize entities that adhere to, observe, practice, and demonstrate corporate governance best practices.
How To Participate
Interested organizations should fill out the “Expression of Interest (EOI) Form” on the website www.governance.ke and email to info@governance.ke. The form should be returned by 31st May of every year as the Gala Event happens during the 1st Week of December every year.
Please find the “Expression of Interest” form here
Who Can Participate?
This year, organizations can participate in the following categories;
Large Private Sector Enterprise – Annual turnover in excess of Ksh.1 Billion.
Public Sector Organizations (State Corporations, Universities and Colleges and other entities.)
Small & Medium Sized Enterprise (SMEs) – Annual turnover less than Ksh. 1 Billion.
County Governments, county boards, agencies and committees
Non-Governmental Organization
Insurance Companies
Banks & Micro Finance Institutions
Objective Assessment
The Awards assessment process is undertaken by ICGK’s Gala Awards Committee. It is an independent, transparent, free, and fair process critical to the long-term success of ICGK, our Award partners, sponsors, and the corporate governance practice in Kenya. Organizations voluntarily apply to participate and to be assessed.
An independent ICGK CG Awards Assessment team will undertake an assessment of participating organizations using a governance excellence checklist and the scores released during the Awards ceremony. The information collected will be confidential during and after the assessment.
The Gala Awards Judges’ Committee is solely responsible for selecting winners. The ICGK CG Awards assessment will be concluded with a Corporate Governance Sector-wide report. The report will be a cornerstone for the “State of Corporate Governance in Kenya”. The judges’ decision is final.
Partners and Sponsors
Interested Organizations are invited to sponsor the ICGK Corporate Governance Awards 2023. All sponsoring organizations will receive unlimited publicity on all our communication platforms before, during, and after the Awards. ICGK will give priority to consultancies from our partners and sponsors and also competitive discounts on the cost of our services.
Award Categories
The following categories will be featured in the ICGK Gala Award.
| S.No | Category | Entities | Participation Fees (Ksh) |
|---|---|---|---|
| 1 | A1 | Large Enterprises with turnover above Ksh. 500 Million Annually, including banks and insurance companies | 200,000 |
| 2 | A2 | SMEs with annual turnover below Ksh. 500 Million Annually | 100,000 |
| 3 | B1 | Ministries, State Departments & County Governments | 100,000 |
| 4 | B2 | State corporations and agencies including universities; county corporations, Independent Commissions, agencies and boards | 100,000 |
| 5 | B3 | Public and private institutions, including colleges, institutes, schools and hospitals | 50,000 |
| 6 | C1 | Non Governmental Organizations (NGOs) | 50,000 |
| 7 | C2 | Financial Institutions (other than banks) and Savings & Credit Cooperative Societies | 50,000 |
Expression of Interest Form
Instructions on filling this application
- The information hereby requested shall behold in confidence. Please provide accurate details including physical address and working telephone lines.
- The form should be filled, signed, and submitted by the 31st of May of every year through this email: awards@governance.ke
- Attach proof of payment of participation fees i.e. Bank deposit slips or transfer slips in the case of RTGS. Indicate transaction reference number for mobile money transfer payments.
- ICGK will send to you a participation agreement upon receiving the expression of interest form and proof of payment. The participation agreement shall be filled, signed, and returned to ICGK within seven days of receiving it.
- ICGK will inform all participants of their assessment dates through the email address awards@governance.ke and through our office telephone number 0208080992 or 0726112233. A list containing names, Identity card numbers, and phone numbers will be shared with the participating organization in good time.
- Assessment criteria will be shared only with participating organizations once a duly filled and signed expression of interest form has been received and proof of payments verified.
- Payments to be made with respect to this assessment are strictly those published on our official website and no other payments shall be expected or asked from our participants.
- Any form of canvassing or influencing will lead to the automatic disqualification of the participant.
- Participation fees paid shall not be refundable whatever the circumstances may be.
- Award winners will be those having scored the highest after the assessment exercise. The Gala Awards will take place at a venue to be communicated by ICGK.