27 March 2024 12:11 am Views - 200
CA Sri Lanka partnered with Colombo Stock Exchange to ‘Ring the Bell’, marking a symbolic moment as CA Sri Lanka officially launched TAGS Compliance Badge
In a momentous occasion set to strengthen the country’s reporting landscape, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) launched the TAGS Compliance Badge, aimed to be a symbol of excellence and adherence to the highest standards of financial and non-financial reporting among corporates in Sri Lanka.
CA Sri Lanka partnered with the Colombo Stock Exchange (CSE) to ‘Ring the Bell’, marking a symbolic moment as CA Sri Lanka officially launched the TAGS Compliance Badge, affirming its commitment to promoting enhanced transparency and excellence in corporate reporting.
The unveiling of the TAGS Compliance Badge was witnessed by Chief Guest Mr. Mohan Pandithage, Chairman and Chief Executive of Hayleys PLC, CA Sri Lanka President Heshana Kuruppu, Vice President Tishan Subasinghe, Immediate Past President Sanjaya Bandara, TAGS Committee Chairperson Chamila Cooray, CEO Asoka Piyadigama, CSE Chairman Dilshan Wirasekara and CEO Rajeeva Bandaranaike, among the industry leaders and members from the financial community.
The launch of the compliance badge also marks a new chapter in corporate recognition, as the badge serves as a testament to the commitment of participating companies to meet the rigorous criteria set forth by CA Sri Lanka, signifying adherence to best practices in financial and non- financial reporting.
Kuruppu said, “By introducing the TAGS Compliance Badge, we are ushering in a new era of corporate excellence and accountability, highlighting CA Sri Lanka’s steadfast dedication to promoting transparency and integrity in financial reporting.”
The TAGS Compliance Badge symbolises an entity’s dedication to strengthening transparency, accountability, governance and sustainability factors. Furthermore, the badge will also be featured on the CSE website. The companies, which are awarded the TAGS Compliance Badge, can leverage this accreditation to enhance their brand reputation, showcase their commitment to stakeholders and differentiate themselves in the marketplace.
The badge will also serve as a third-party endorsement of a company’s compliance with the TAGS Awards criteria, further solidifying their position as entities that work towards strengthening transparency, accountability, governance and sustainability.
The TAGS Awards, an evolution of the esteemed Annual Report Awards Competition with a legacy spanning over 58 years, represent a significant milestone in CA Sri Lanka’s journey. In 2022, CA Sri Lanka reconceptualised and rebranded this prestigious competition, placing emphasis on non-financial reporting alongside traditional financial reporting.
The aim of TAGS is to recognise organisations for embracing digitalisation, transparency, accountability, governance and sustainability in line with the evolving stakeholder demands.