On May 17th the Lorenzetti Award Ceremony was held at “Il Sole 24 Ore” headquarter in Milan to award the best listed and unlisted companies amongst 211 candidates.
Geico ranked first amongst the unlisted companies for the “Independence of its Board, Protection of Minority shareholders, and its transparent Business Conduct”.
“This award honors us” says Ali Reza Arabnia, Chairman, President and Ceo of Geico. “as it embodies our philosophy where transparency and respect are the fundamentals of our corporate culture and practice”.
The Lorenzetti Award was created by GC Governance Consulting in order to award boards, companies, institutions, managers, and directors that have adopted best practices in corporate management and have developed tools for an efficient corporate governance during the last three years.