SUNBIZ

Awards Single Out 13 In Reports

13 companies in various factions of operations in Fiji and the region were given due recognition for their transparent and excellent presentation in their 2014 Annual Reports. The competition is
28 Nov 2014 11:29
Awards Single Out 13 In Reports
Minister for Finance, Aiyaz Sayed-Khaiyum, presents Reserve Bank of Fiji chief manager Risk Management and Communications, Lorraine Seeto the prize for winning Category A. Photo: RAMA

13 companies in various factions of operations in Fiji and the region were given due recognition for their transparent and excellent presentation in their 2014 Annual Reports.

The competition is an annually event by the South Pacific Stock Exchange and was held in Suva last night.
It recognises companies’ endeavour to improve the quality of reporting and adhere to extant accounting disclosure requirements as well as corporate governance principles.

Minister for Finance Aiyaz Sayed-Khaiyum presented the awards in all four categories and commended the winners for their level of disclosure and transparency to stakeholders.

As one of the most widely read document of any company for that matter, the annual report is intended to exceed the current business circumstances and address future undertakings.

For the first time the awards also collaborated with the exchange’s listing campaign.
South Pacific Stock Exchange chief executive Jinita Prasad encouraged all present to take advantage of the wave of opportunities available when listed.

This is so given Government’s positive outlook for growth that could be driven in the share market prices of the exchange.

Top Awards
RESERVE BANK OF FIJI-Category A: Statutory  Authorities, Government Bodies & Unlisted Trusts
THE UNIVERSITY OF THE SOUTH PACIFIC– Category B: Co-operatives, Non-Profit & Charitable Organisations
MERCHANT FINANCE & INVESTMENT COMPANY LTD AND CREDIT CORPORATION (PNG) LTD-Category C: Other Public Companies and Unit Trusts
AMALGAMATED TELECOM HOLDINGS LTD– Category D: Listed Companies

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