The PwC Building Public Trust Awards, now in their 13th year, recognise the achievement of organisations that have differentiated themselves through the clarity and transparency of their reporting.
PwC stated that Provident Financial won the award for Best Corporate Governance Reporting in the FTSE 250 due to well-presented and clearly-written governance reporting which focuses strongly on board effectiveness and diversity. Coverage of the board’s involvement in business activities and shareholder engagement was detailed yet accessible, and the reporting followed up on the external board evaluation from 2013 with clear disclosure of the resulting actions and outcomes.
A panellist commented, “I like the personal tone – you feel it’s been written by a real person.” Another praised the reporting on a major transaction and impairment workshop during the year, saying “It makes it clear there were judgements to be made – and you can see the directors spent time getting under the skin.”
Andrew Fisher, Finance Director at Provident Financial, who accepted the award, said “We are delighted to receive recognition from PwC for our Governance reporting. It is increasingly important to be transparent and clear in all of our operations, and we strive to replicate this in our most in-depth company publication. To be commended for these efforts is a huge compliment.”
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Notes to editors
Established in 1880, Bradford-based Provident Financial is a leading provider of financial services in the non-standard credit market. It employs over 3,500 people and has over 2.4 million customers across the UK and Ireland through its credit card, home-collected and online instalment credit, and vehicle finance operations. Provident Financial has an extensive community programme that invests in the communities in which its customers, agents and employees live and work.
For further details on Provident Financial, visit www.providentfinancial.com
PwC’s purpose is to build trust in society and solve important problems. They are a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and tax services.
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