CSE ‘Supporting Partner’ at CMA Excellence in Integrated Reporting Awards 2021

Wednesday, 1 September 2021 00:00 - - {{hitsCtrl.values.hits}}

The Colombo Stock Exchange has joined hands with CMA Sri Lanka, the national professional management accounting institution in Sri Lanka incorporated by Act of Parliament No. 23 of 2009, as the ‘Supporting Partner’ for the fourth consecutive year at the ‘CMA Excellence in Integrated Reporting Awards 2021’.

This continuous relationship has been very instrumental in recognising the need for the adoption of Integrated Reporting among the quoted companies in Sri Lanka. This could be witnessed by the overwhelming number of quoted companies applying to this competition over the years.

As the new reporting paradigm, CMA Sri Lanka identified the importance and potential of Integrated Reporting and took the leadership in promoting it among Sri Lankan companies. As a result, CMA Sri Lanka initiated the ‘CMA Excellence in Integrated Reporting Awards competition’ in 2015 to recognise companies adopting Integrated Reporting focusing on the creation of value bringing benefit to both investors and stakeholders, while promoting the same among Sri Lankan organisations across many spectrums of corporates.

Also, it has been able to continuously hold this flagship event since its inception and even during the COVID-19 pandemic situation without any interruptions.

The annual reports relevant for the competition are:

31 December 2020 – for organisations whose financial year ends on 31 December

31 March 2021 – for organisations whose financial year ends on 31 March

Due to the current COVID-19 pandemic and the lockdown, CMA Sri Lanka has extended the closing dates for submission of applications till 15 September 2021 for all organisations.

This year organisations can submit the soft copies of their Integrated Reports in PDF together with the application form as per the guidelines stated to [email protected].

The Awards will include 10 Best<IR> Awards, Overall Winner – Gold Trophy, Overall 1st Runner up – Silver Trophy, Overall 2nd Runner up – Bronze Trophy. The Sector Awards will include: Banking – Finance & Leasing, Insurance, Diversified Holdings, State Owned Enterprises/Companies (ownership of state over 51%), Hotels & Travels, Plantations, Health Care, Small & Medium Enterprises (Turnover below Rs. 750 m), Public Sector Institutes (Govt. Ministries, Departments, Universities), Others (Manufacturing/Trade & Commerce/Power & Energy/Construction), Non-Governmental Organisations (NGOs)/Not for Profit Organisations (NPOs)/Chambers of Commerce/Educational Institutes. There will also be special awards and certificates of merit and participation.

The brochure and the application form are now available in the CMA website (https://www.cma-srilanka.org).