The purpose of the Awards is to encourage the publication of timely, accurate, informative and well-presented annual reports for shareholders, stakeholders, employees and others, who may have an interest in the performance and activities of the organizations in question and to recognize and honor the organizations for their exemplary achievement in producing such reports.
The accountancy profession has a great deal to contribute to and a key role to play in enhancing organizational reporting. The profession has a long history of involvement in a number of key areas eg, developing and improving financial reporting processes and controls, and identifying, measuring, and reporting key financial and other information that are important to the development and implementation of organizational reporting frameworks that go beyond traditional financial reporting.
BCSR competition has contributed towards enhancing the quality of reporting in Pakistan. The criteria are regularly reviewed by the Evaluation Committee in order to be updated in line with international best practices. I congratulate both ICMA Pakistan and ICAP continuing with this tradition. In the end, I offer heartiest felicitations to the winners of this year's Best Corporate & Sustainability Report Awards and to those who have participated in the competition.