Speaking in Dar es Salaam yesterday, CTI Executive Director Leodegar Tenga said the manufacturers’ apex body employed assessment criteria including ethical performance, health and safety precautions as well as gender balance.
Other criteria include technological performance, Corporate Social Responsibility (CSR) exposure and export performance.
Tenga said that upon submission of the participation forms, CTI appointed assessors who visited the respective industries for the purpose of making physical verification of the information provided in the completed forms, based on the set criteria for selecting winners.
“We were impressed by the increase in participation since the decision to participate requires high level of commitment to transparency and code of conduct, as the competition entails allowing assessors to access deep information about an industry of which many would not wish to offer,” he explained.
Tenga said the number of participants has increased from 47 last year to 61 this year, a sign that manufactures are ready for an industrialized economy which is founded on a transparent and open pillar.
The selected winners will be awarded during the Business Dinner to be graced by Prime Minister Kassim Majaliwa, representing the Confederation’s patron, President John Magufuli tomorrow.
Tenga stated that the main objective of the awards is to raise the standard of business and practices and promote sound corporate governance in Tanzania. The awards also seek to pay tribute and recognize the pertinent role of the industrial sector’s contribution to the national economy.
Since its launch in 2005, the competition has been one of the best avenues for corporate entities to improve the quality of their products and services to the public.
The assessment exercise was carried out by an independent consultant who at the end of the competition provided a report showing results of assessments, which then is made available to all participants. “This enables participants to benchmark their business operations with their peers and see their strengths and weaknesses to help them to improve,” the director added.