CFO Awards received by Anoj Singh suspended

The organisation of the CFO Awards in South Africa, CFO South Africa, has suspended all awards received by Anoj Singh, until further notice. This has happened in close consultation with the current panel of judges.

Both the organisation and the panel consider the recent revelations about Anoj's conduct during his tenure at Transnet (for which he received the awards) and subsequently at Eskom to be damaging to the stature and integrity of the CFO Awards.

Anoj received the Public Finance Award (now called Public Sector CFO of the Year) in both 2014 and 2015. He was also handed the Governance & Compliance Award in 2014 and the Strategy Execution Award in 2015. These awards were given to Anoj following an interview and voting process by the panel of judges. The awards can be reinstated if a court judge or official commission of inquiry clears him of all charges. The awards can be permanently revoked if a court judge or official commission of inquiry finds him guilty. This decision is at the discretion of the panel of judges and CFO South Africa (the organisers of the CFO Awards).

"Integrity and ethical conduct are crucial assets of good leaders. In times where both the public and private sector are subject to important scrutiny, CFO Award winners need to be role models and shining lights of excellence," says Graham Fehrsen, MD of CFO South Africa.

For further enquiries, please contact CFO South Africa MD Graham Fehrsen at [email protected]

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Background:

The annual CFO Awards recognises CFOs of listed companies, large corporations, state-owned entities and government institutions and awards them for outstanding performance and leadership.

Winners of CFO Awards are decided through an independent voting process, by an eminent panel of between 12 and 15 experts. To be able to cast these votes, the panel conducts two-hour interviews with all nominees and collects other relevant information.

The judges for the CFO Awards are extremely experienced in the field of business and finance and are highly regarded by the CFO community. The panel consist of industry leaders working for South Africa's leading universities, banks, advisory, IT and law firms, as well as former CFO Awards winners.