The Commercial Bank of Ceylon PLC emphatically demonstrated its superiority in financial reporting, winning for the 10th time, the Cyril Gardiner Memorial Trophy – the ‘Holy Grail’ of the Annual Report awards presented by CA Sri Lanka – for the best annual report by a listed company in Sri Lanka for 2018.
In an all-Gold performance, Sri Lanka’s benchmark private bank also won the Edmund J. Cooray Memorial Trophy for the Best Annual Report among Banking Institutions, the Gold Award for Management Commentary, the Gold Award in the Corporate Governance Disclosure category and the Gold Award for Integrated Reporting in the Best Disclosure on Business Model category.
This is the 15th year that an annual report of Commercial Bank has been adjudged the best among banking institutions in Sri Lanka and the 15th occasion that the Bank has been ranked among the top three companies overall for financial reporting. “Producing award-winning annual reports has become something of a habit at Commercial Bank,” the Bank’s Managing Director Mr S. Renganathan said.
“This reaffirms the utmost priority the Bank accords to transparency and disclosure and its unwavering commitment to best practices in shareholder relations. Many people work tirelessly to adequately articulate this commitment through our annual report, and these awards are a fitting reward for their efforts.”
Now in its 55th year, the CA Sri Lanka awards programme recognises effectiveness in communication of financial and non-financial information to stakeholders and strict compliance with legislative requirements and accepted accounting best practices.
Themed “In sync with the future – where banking matters rather than banks,” Commercial Bank’s 455-page 2018 annual report is a carbon neutral document and is also available on the Bank’s website.
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