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Award honours best company reports

Update: January, 11/2014 - 08:56
HCM CITY(VNS) — The Annual Report Awards for listed companies to honour professionalism and transparency in filing their annual reports was unveiled on Thursday.

The seventh ARA contest is organised by the HCM City Stock Exchange (HOSE) and Viet Nam Investment Review's sister publication Dau tu Chung khoan, and sponsored by fund manager Dragon Capital Group Limited.

Titled "Corporate Governance towards Sustainable Development" this year, the contest encourages businesses to further improve the quality of published information on corporate governance.

Transparency, professionalism, and creativeness continue to be the major criteria, and winning the award depends on the way companies publish their information rather than their business performance, the newspaper's editor-in-chief, Nguyen Anh Tuan, said.

Open to all enterprises listed in both HCM City and Ha Noi, the entries for selection are those submitted for fiscal 2013 to the two exchanges, Tran Anh Dao, HOSE's deputy CEO, said.

April 21 is the deadline for submission.

The jury will have five members, including officials from the International Finance Corporation responsible for judging corporate governance.

There will be a new award this year for best corporate governance.

Last year the Sustainability Reporting Awards were added to the ARA to encourage listed companies to publicise information on issues related to the environment and society and to raise awareness of sustainable development associated with environmental social responsibility, thus promoting corporate social responsibility.

Viet Nam is soon set to introduce a law on sustainable development.

This year's programme continues to see the International Finance Corporation and UK-based global body Association of Chartered Certified Accountants in charge.

Since its launch in 2008 the ARA has been attracting increasing interest among listed companies, and around 180 reports have won out of more than 2,400 entries. — VNS


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