“CMA Excellence in Integrated Reporting Awards – 2017” Applications Close on 12th June

The Institute of Certified Management Accountants of Sri Lanka ( CMA) is organizing the “CMA Excellence in Integrated Reporting Awards 2017” for the third consecutive year and applications for banking and Insurance Sector was concluded on 22nd of May. The closing date for other institutions is 12th of June, 2017. All the companies whose annual year end falls on 31st March 2017 are invited to apply for this competition.

The awards ceremony is scheduled be held on July 17, 2017 at Cinnamon Lakeside, Colombo. The Key Note Speaker at this event will be Mr Richard Howitt Chief Executive Officer IIRC.

Mr Richard Howitt is a former Member of t he European Parliament ( MEP) for over 20 years and lead-MEP on corporate responsibility, Mr Howitt has represented the EU on many missions worldwide, travelling extensively in Asia, Africa and the Americas. He has represented European interests in numerous international initiatives, including the UN Business and Human Rights Forum and the OECD Forum on Responsible Business Conduct will deliver the key note speech at the inauguration ceremony of CMA National Management Conference and the CMA Excellence in Integrated Reporting Awards 2017 and the conference will also have a special technical session on Integrated Reporting.

The purpose of the Excellence in < IR> Awards is to promote Sri Lankan companies, Banks, Finance and Insurance companies especially those listed, unlisted and state owned enterprises, small and medium sector to undertake Integrated Reporting which will be of immense benefit to investors and stakeholders.

The International Integrated Reporting Council ( IIRC) the world body has issued the <IR> framework in December 2013. The International Integrated Reporting Council (IIRC) is a global coalition of regulators, investors, companies, standard setters, the accounting profession and NGOs. The coalition is promoting communication about value creation as the next step in the evolution of corporate reporting.

This time CMA has opened this competition to a wide range of business sectors viz; listed companies, unlisted companies, state owned enterprises and small and medium enterprises (SME).

The awards will be presented at the Inauguration Ceremony of the CMA National Management Accounting Conference on July 17, 2017 and the categories of awards are as follows: 10 Excellence in <IR> Awards Overall Winner – Gold Trophy Overall 1st Runner- up – Silver Trophy Overall 2nd Runner- up – Bronze Trophy Special Award for ‘conciseness of <IR>’ Certificates of Merit Sector Awards: Banking Finance and Insurance Industry and Commerce State Owned Enterprises Small and Medium Enterprises The Integrated Reports applicable for the competition are as follows; Banking and Insurance institutions – December 31, 2016 Other institutions –March 31, 2017 The Mark Plan for judging Integrated Reports will be based on the Guiding Principles, Content Elements and Fundamental Concepts which appear in the International < IR> Framework issued by the International Integrated Reporting Council (IIRC) and special emphasis will be given to the following criteria. Strategic Focus and future orientation Connectivity of information Value Creation Reliability and completeness For further details please con

tact CMA <IR> Secretariat Mrs.Jinandi Chandraratne on 0112-506391 / 0112-507087

(Ext: 154) or at jinandi.chandraratne@

cma-srilanka.org