Page 69 - CA Sri Lanka Integrated Annual Report 2023

STRENGTHENING VISIBILITY

TAGS Awards In December 2023, CA Sri Lanka hosted The full-day event kicked off with
In a landmark move, the esteemed Annual the prestigious TAGS Awards, recognizing two insightful speeches delivered
Report Awards competition underwent outstanding corporate reporting in Sri during the inauguration session. Mr.
a significant transformation in 2022, Lanka. With stiff competition among Nihar N. Jambusaria, Immediate Past
emerging anew as the TAGS Awards. 122 esteemed companies spanning 27 President, the South Asian Federation
This rebranding signifies a crucial shift sectors, the TAGS Awards showcased of Accountants, set the tone of the
towards recognizing and promoting leaders committed to upholding symposium Prof. Lalith Samarakoon,
Transparency, Accountability, Governance, the highest standards of corporate Chair & Professor of Finance, Opus
and Sustainability (TAGS) within corporate reporting. Held at the Shangri-La Hotel, College of Business, University of St.
reporting. The TAGS Awards represent a Colombo, the gala evening honoured Thomas, Minnesota spoke on “Sri Lanka’s
departure from convention, seeking to deserving recipients, including those Economic Crisis: Lessons and Policy
instill a more comprehensive approach to excelling in specific areas such as Implications” .
reporting that transcends the traditional corporate governance disclosure, digital
focus solely on financial metrics. transformation, sustainability reporting,
and integrated reporting. Inclusion in the
Led by CA Sri Lanka President TAGS Awards 2023 not only acknowledges
Mr. Sanjaya Bandara, the TAGS Awards exemplary efforts but also reaffirms
herald a new era of recognition and dedication to promoting best practices
accountability. By shifting the foundation and driving positive change within Sri
to Corporate Reporting, these awards Lanka’s business landscape.
signal a broader scope that encompasses
both financial and non-financial aspects. CA Sri Lanka Annual Research
Moreover, the integration of ESG Symposium
reporting frameworks underscores the In response to the dynamic shifts within
commitment to acknowledging and the global accounting landscape, CA
incentivizing companies’ efforts towards Sri Lanka hosted its Annual Research
environmental, social, and governance Symposium. This gathering provided
responsibilities. CA members and industry leaders with
a unique opportunity to collaborate,
The TAGS Awards aspire to inspire share perspectives, and enhance their
organizations of all sizes, from readiness for emerging challenges that
multinational corporations to small and could significantly impact the future of the
medium enterprises, to embrace the core profession.
principles of transparency, accountability,
governance, and sustainability. This During the symposium of 2023 held on
holistic approach not only fosters trust and 19 January 2024, key research findings
credibility but also empowers businesses on contemporary issues facing the
to make meaningful contributions to Accounting and Finance Profession took
society and the environment while centre stage, with a group of well-versed
navigating the complexities of the modern researchers sharing their insights on
corporate landscape. contemporary issues in auditing, value
relevance and investment decisions, and
value creation through Data Analytics and
Cloud Accounting.

TAGS Awards 2023 gold award for overall
excellence in Corporate Reporting - Hayleys PLC

CA Sri Lanka Integrated Annual Report 2023 67