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Corporate governance contributes both to business prosperity and to accountability. The Institute of Chartered Accountants of Pakistan (ICAP) in collaboration with the Institute of Cost in Management Accountants of Pakistan (ICMAP) has been awarding the Best Corporate Report Awards since 2000 to encourage and give recognition to excellence in annual corporate reporting. Fourteen years later these awards have become a symbol of benchmark to promote corporate accountability and transparency.
With the introduction of the "Best Sustainability Report Award" in 2011 the institutes took the first step of promoting responsible reporting by companies covering economic, environment and social performance of the business becoming pioneer sin the region. Both the awards are distributed in a ceremony largely attended by CEOs and CFOs of prominent companies, members of both the institutes and other professionals. This year the awards ceremony is scheduled to be held on September 19, at a hotel in Karachi.-PR

Copyright Business Recorder, 2014

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