The Jamaica Stock Exchange will this year reward the work of its Member Dealers at the annual Jamaica Stock Exchange Best Practices Awards Banquet. The new awards, dubbed the JSE Member Dealers Awards, will be for brokerage houses which have upheld best practices standards in 2010. The categories for the new Member Dealers’ Awards will be: Revenue Generation and Market Activity, Investor Relations Stockbrokerage, Website and, Expansion of Investors and Listed Companies Base.
The Awards Function will be held under the distinguished patronage of the Governor General of Jamaica, Sir Patrick Allen, at the Jamaica Pegasus on Wednesday, December 7, 2011. The Governor General, Sir Patrick Allen, will head the guest list at this year’s Awards which will be attended by former Prime Minister, Hon. Edward Seaga. Mr. Joseph Matalon, head of the Private Sector Organisation of Jamaica (PSOJ) will be guest speaker.
The event, which is in its seventh year, was established by the Jamaica Stock Exchange to promote best practice standards within the financial services community. The major award categories include: Annual Report, Website, Corporate Disclosure, Best Performing Company, the PSOJ /JSE Award for Corporate Governance and the coveted Governor General Award for Excellence given to the overall winner.
The winners of the JSE Best Practice Awards are selected based on the previous year’s information, so this year’s Awards will be based on the companies’ performances in 2010. The awards are selected on guidance and advice of a panel of judges comprised of members of the JSE as well as private and public sector financial specialists, headed by Chairman Professor Neville Ying, Executive Director of the Jamaica Diaspora Institute.
The past winners of the Governor General’s Award for Excellence have been GraceKennedy (2004), Dehring, Bunting and Golding (2005), Bank of Nova Scotia (2006), Pan Caribbean Financial Services and National Commercial Bank (2007), Pan Caribbean Financial Services and Scotia DBG Investments (2008), and National Commercial Bank (2009). With consecutive ties in the past two years, it is anyone’s guess who will walk away with the 2010 prestigious Governor General’s Award.
