IGI Insurance Limited, part of the IGI Financial Services Group, was awarded the Best Corporate Report (BCR) Award in the Non Banking Financial Institutions Category. Salim Raza, Governor State Bank of Pakistan, presided over the ceremony held at a local hotel in Karachi.
According to a press release issued here on Tuesday, the award recognises the best annual reports of companies in terms of accuracy, transparency, usefulness and speed of financial and other disclosures made for all stakeholders along with its presentation and ability to convey corporate objectives.
Jalees Siddiqi, CEO IGI Insurance when contacted said, "Stakeholders associate high quality annual reports as a fundamental to providing pertinent, concise and comprehensive information to understand the company's operating and financial performance.
This award recognises that we are following good governance and management practices at IGI Insurance". The awards are adjudicated jointly by the Institute of Cost and Management Accountants of Pakistan (ICMAP) and Institute of Chartered Accountants of Pakistan (ICAP) and are regularly held since 2000.-PR
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