Hayleys triumphs with Gold at TAGS Awards

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) celebrated a remarkable showcase of excellence in corporate reporting at the TAGS Awards 2023 on Tuesday. Leading corporates, multinationals, SMEs, and non-profit organizations were honored for their commitment to producing outstanding annual corporate reports.

With transparency, accountability, governance, and sustainability being paramount in corporate reporting, CA Sri Lanka showcased its collective commitment to elevating industry standards by paying homage to organizations for their commitment that goes beyond meeting regulatory requirements and also contributes to the broader goals of fostering trust, ethical conduct, and environmental stewardship.

Hayleys PLC triumphed with the coveted gold award for “Overall Excellence in Corporate Reporting” at the TAGS Awards 2023, while Softlogic Life Insurance PLC won the silver award, and both Commercial Bank of Ceylon PLC and John Keells Holdings PLC shared the bronze award.

The gala evening at Shangri-La Hotel, Colombo was graced by esteemed guests, including Alejandro Alvarez de la Campa, Country Manager for Sri Lanka and Maldives of the International Finance Corporation Sanjaya Bandara said that when companies operate with transparency, accountability, and good governance, they demonstrate a commitment to openness and honesty, which results in increased trust among stakeholders and also enhances overall credibility of the business community.

“Excellent corporate reporting is not just a regulatory requirement now but a strategic imperative that transcends borders and industries. It is the key to unlocking economic growth, fostering trust, and building a sustainable future.

Together, let’s wholeheartedly embrace this responsibility with unwavering dedication and a clear sense of purpose to not only propel the success of our organizations but also foster the greater good of society,” Bandara said.

Thivanka Jayasinghe, Chairman of TAGS Committee, explained that the healthy competition that the TAGS Awards has elevated the standards of reporting in Sri Lanka, while the three-tier robust evaluation process adopted has further strengthened the competitions credibility.

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