The Capital Market Authority represented by the Oman Centre for Corporate Governance announced the winners of Corporate Governance Excellence Award for the second year. The award aims to disseminate corporate governance awareness and culture among the listed companies and to urge the companies to compete and encouraging them to apply best international corporate governance practices and standards. Twenty seven companies from the financial, industry and services and insurance sectors took part in the competition. Three prizes were allocated for each sector and one overall winner. Bank Muscat bagged the first award of corporate governance and the same bank won the first award in the financial sector category.