Page 3 - ICAP NL-Sep-2014

Governance, Transparency and Service to Members & Students www.icap.org.pk Best Corporate and Sustainability For the Best Corporate Report Awards, Maple Leaf Report 2013 Awards Ceremony Cement Factory Limited was declared the overall winner while companies secured first position in their The Institute of Chartered Accountants of Pakistan respective sectors are MCB Bank Limited, Engro Polymer (ICAP) and the Institute of Cost and Management & Chemicals Limited, Atlas Honda Limited, Pakistan State Accountants of Pakistan (ICMAP) jointly held for the Oil Company Limited, EFU Life Assurance Limited, Engro fourteenth consecutive year the Best Corporate and Corporation Limited, Kohinoor Textile Mills Limited and Sustainability Report (BCSR) awards ceremony on The Citizen Foundation. Engro Corporation Limited was September 19, 2014. The objective of these awards declared the winner for the Best Sustainability Report is to give recognition to excellence in corporate and Awards. sustainability reporting. The awards were distributed by the Guest of Honors, Mr. Ebrahim Sidat (past President ICAP) and Mr. Sher Afghan (past President ICMAP). ICAP President Mr. Yacoob Suttar, who is also the Chairman of the Evaluation Committee (a sub-committee of the Joint Committee of ICAP-ICMAP) highlighted that corporate reporting has an important role to play in helping build trust with the stakeholders. He emphasized on forward- looking information about strategy, business models and the ability of the company to create sustainable long-term value. 3