Colombo Stock Exchange powers CA Sri Lanka’s TAGS Awards for eighth year as Strategic Partner

The Colombo Stock Exchange has once again extended its support to the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) by coming on board as the Strategic Partner for the eight consecutive year to power the TAGS Awards, which honour financial and non-financial reporting among corporates.

Formerly known as the Annual Report Awards, the reconceptualized TAGS Awards which commands a history of over half a century, will this year crown the best corporates in Sri Lanka for promoting transparency, accountability, governance, and sustainability by publishing insightful and comprehensive Annual Reports.

The sponsorship cheque was presented to the President of CA Sri Lanka Mr. Sanjaya Bandara by the Chairman of the Colombo Stock Exchange Mr. Dilshan Wirasekara in the presence of CA Sri Lanka’s Vice President Mr. Heshana Kuruppu, Chairman of the TAGS Awards Committee Mr. Thivanka Jayasinghe, Alternate Chair of the TAGS Awards Committee Ms. Chamila Cooray and Chief Executive Officer Ms. Dulani Fernando.

Extending a warm welcome to CSE as the Strategic Partner of the TAGS Awards 2022, Mr. Bandara noted that having the support of the country’s sole stock market was a reflection of the high standards of the TAGS Awards apart from an endorsement of the relevance of the competition.

Sharing his views on the partnership, Mr. Wirasekara said that CSE is pleased by the efforts made by CA Sri Lanka to champion the concepts of transparency, accountability, governance, and sustainability of both financial and non-financial disclosures in the corporate landscape of Sri Lanka.

“In a disclosures-based market such as ours, maintaining the highest standards for corporate disclosures is of paramount importance to all stakeholders, and as the “strategic partner,” we at the CSE are encouraged by the compliance and participation we see from small, medium, and large-scale Sri Lankan organizations,” he said.

He added that the CSE is committed to supporting the practice of good corporate reporting standards through partnerships such as with CA Sri Lanka, with the end goal of facilitating a vibrant stock market for all market participants alike.

The grand finale of the TAGS Awards 2022 will be held on 06th December 2022, at the Shangri-La Hotel, Colombo.