Sunday Times (Sri Lanka)

Message from Prof.Mervyn E. King

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Chair Emeritus of the Internatio­nal Integrated Reporting Council (IIRC ) London the Global Reporting Initiative (GRI) Amsterdam, a member of t h e P r ivat e Sector Advisory Group to the World Bank on Corporate Governance, former Judge of the Supreme Court of South Africa. Chair of the African I n t e g r at e d Reporting Council and Chair of the Integrated Reporting Committee of South Africa.

I am pleased to send this message to mark the 5th‘CMA Excellence in Integrated Reporting Awards 2019’ which will be held on 9th September 2019 in Colombo, Sri Lanka coinciding with the CMA National Management Accounting Conference 2019 and Commonweal­th Accountant­s Conference.

As the Chair Emeritus of the Internatio­nal Integrated Reporting Council ( IIRC), I am happy to see the commendabl­e work being carried out by the Institute of Certified Management Accountant­s of Sri Lanka ( CMA Sri Lanka) in popularisi­ng Integrated Reporting among public and private companies in Sri Lanka. Especially it is encouragin­g to see the conclusion of a very successful award ceremony organised by CMA Sri Lanka last year with the participat­ion of 40 companies from various business sectors ranging from public quoted companies, Banks and Financial institutio­ns, government institutio­ns, small and medium organisati­ons and non - profit organisati­ons.

Importance of Integrated reporting to companies is that providers of financial capital and other stakeholde­rs can measure risk on a more informed basis. They can also conclude whether or not the company has a sustainabl­e value creation model.

I take this opportunit­y to congratula­te the President and CMA Sri Lanka for their fruitful journey on Integrated Reporting and annually organising the Excellence in Integrated Reporting Awards which is well accepted by the Sri Lankan business community and its stakeholde­rs.

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