Hayleys wins overall excellence in corporate reporting at CA Sri Lanka’s TAGS Awards 2022

Hayleys Chairman and Chief Executive Mohan Pandithage (fourth from right) with the overall excellence in Corporate Reporting Gold Award at the TAGS Awards organised by CA Sri Lanka on Tuesday - Pic by Ruwan Walpola

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) celebrated excellence in corporate reporting at the TAGS Awards 2022 on Tuesday by honouring leading corporates, multinationals, small entities, and non-profit organisations for producing insightful and transparent annual reports amidst increasing expectations from multiple stakeholders, including investors. Top conglomerate Hayleys PLC triumphed with the coveted gold award for ‘Overall Excellence in Corporate Reporting’ at the TAGS Awards, while John Keells Holdings PLC and Softlogic Life Insurance PLC shared the silver award in the same category, and L B Finance PLC walked away with the bronze award.

Commanding over 57 years of excellence and existence, CA Sri Lanka reignited its quest for enhanced transparency, accountability, governance, and sustainability by reconceptualising and rebranding the highly prestigious Annual Report Awards as the TAGS Awards this year, marking a new chapter in corporate reporting in the country.

Under the ‘Sustainability Reporting Award’ segment, Hayleys PLC won the gold, while L B Finance walked away with the silver, and Diesel & Motor Engineering PLC won the bronze. Under the ‘Corporate Governance Disclosure Award’ segment, Commercial Bank of Ceylon PLC bagged the gold, while the National Development Bank PLC won the silver, and L B Finance won the bronze.

Diesel & Motor Engineering PLC also won gold under the ‘Integrated Reporting Award’ segment, while Softlogic Life Insurance PLC won the silver, and John Keells Holdings won the bronze. L B Finance also clinched the gold award for the ‘Most Transformative and Digital Award’ category, while Softlogic Life came in second with silver, and Commercial Bank of Ceylon walked away with bronze.

Hayleys PLC also won the gold award in the ‘Diversified holdings (group turnover above 50 b)’ sector, while Diesel & Motor Engineering PLC won the ‘Diversified holdings (group turnover upto 50 b)’ sector.

The glamorous night of corporate triumph at the luxurious Shangri-La, Colombo, attracted some of the country’s most influential corporate movers and shakers. The gala event was held under the patronage of Delegation of German Industry and Commerce in Sri Lanka Chief Delegate Marie Antonia von Schönburg, Central Bank Deputy Governor NelumaniDaulagala, who also served as the Chairperson of the Final Panel of Judges of the TAGS Awards 2022, CA Sri Lanka President SanjayaBandara, Vice President HeshanaKuruppu, Colombo Stock Exchange Chairman DilshanWirasekara, TAGS Committee Chairman ThivankaJayasinghe, and Alternate Chair ChamilaCooray.