ICASL Annual Report Awards 2010 :
Judges carry out final markings
The Panel of Judges, Chaired by Ajith Nivard Cabraal, entrusted in
selecting the winners at the forthcoming Annual Report Awards
competition, organized by the Institute of Chartered Accountants of Sri
Lanka (ICASL), placed their final markings on the shortlisted Annual
Reports, recently.
From left - Central Bank Governor and ICASL Annual Report Awards
Judges Panel Chairman Ajith Nivard Cabraal, ICASL CEO and
Secretary Aruna Alwis, Annual Report Awards 2010; Chairman
Lasantha Wickremasinghe and ICASL President Sujeewa Mudalige. |
The meticulous selection process consisted of a technical marking
process, industrial marking and the final marking by the panel of
judges, after which the winners will be selected as per the score they
have received and the final decision will be announced at the grand
finale to be held on December 7, 2010 at the Cinnamon Grand Colombo.
Under the 22 special categories: a winner and runner-up will be
selected under each category, respectively.
The final winner, first runner-up and second runner-up, will be
judged as the overall winners of the competition. They will be selected
purely on, merit irrespective of their business sector.
The landmark event is an important occasion in the corporate calendar
and apart from honouring the best Annual Reports; the event also is a
platform for organizations to improve their financial reporting
standards.
Entrees to the competition range from multinational companies to even
small time community groups such as Non-Governmental Organisations.
Last year's winner of the 'Corporate Governance Disclosure Award and
Management Commentary Award' was Union Assurance PLC.
The company's Chairman Ajit Gunewardene said: "Union Assurance was
delighted to be selected as the winner of the Management Commentary and
Corporate Governance Disclosure, at the ICASL Annual Report Awards
competition in 2009. As a leading player in the insurance industry, and
given the very nature of insurance, our company places great emphasis on
creating trust and confidence in the minds of our customers and other
stakeholders.
The ICASL Award for Management Commentary and Corporate Governance
disclosure was a testimony to our efforts in such respect. We wish the
institute continuing success with their annual report award competition
2010.
The primary objective of the competition is for companies to promote
better communication to stakeholders, particularly through the
publication of informative annual reports. |