Business News Update: Mercantile Investments & Finance PLC’s (MI), the annual report was recognized highly among the top ten corporates at the 55th Annual Reports Award Ceremony, which was held at the Shangri La Hotel in Colombo on the 4th December 2019.
Organized by the Institute of Chartered Accountants of Sri Lanka, the Annual Reports Awards is one of the country’s most prestigious and oldest corporate events of its kind. The event promotes transparency, accountability, social responsibility, and corporate governance among the diverse business sectors. The State Minister of Internal Trade and Consumer Welfare, Mr. Anura Priyadarshana Yapa attended the event as chief guest, with Dr. Indrajit Coomaraswamy, the Governor of Central Bank as the guest of honor.
Titled ‘A Profound Journey’, Mercantile Investments & Finance PLC’s annual report secured the Silver Award in the Finance Company Sector and a place among the Top 10 Annual Reports of Sri Lanka for the financial year 2018/2019. With over 130 applicants this year, reaching this milestone was certainly a noteworthy performance.
This recognition was received consequent to MI winning at the CMA Integrated Annual Reporting Awards 2019, securing a place in the Top Ten best integrated annual reports, which encompassed the cream of Sri Lankan Corporates.
The report was centered around creating value for people, the customers, employees, communities and the general public who have all played an integral part in Mercantile Investments & Finance PLC’s 55-year proud business history. Reflecting on the importance of human capital, Gerard Ondaatjie, in the Managing Director’s review of the annual report stressed, “Equal emphasis was placed on nurturing human capital to improve productivity, in the light of increasing work demands and sophistication. Accordingly, our investment in training and development activities went up rapidly year-on-year, setting the tone for a more future-oriented workforce”