Lahore (Muhammad Yasir) Lucky Cement Limited (PSX: LUCK) has won the Best Corporate Report Award with second position in the cement category at the much anticipated “Best Corporate & Sustainability Report Awards 2018.” The award ceremony was jointly organized by the Institute of Charted Accountants of Pakistan (ICAP) and Institute of Cost and Management Accountants of Pakistan (ICMAP), at a local Hotel in Karachi.
The award represents the Company’s commitment to having the best corporate practices and governance, reflected by the stringent policies for IT, whistle-blowing, social responsibility, investor grievances and safety record at the Company. Furthermore, full disclosure of Company’s operational environment, strategic objectives, risk management and governance processes provided firm grounds for winning the award.
ICAP and ICMAP have been organizing the Best Corporate Report (BCR) Awards ceremony since 2000. This award has been instrumental in encouraging entities to follow transparency in preparing their annual reports according to the international best practices.
The objective of the award is to encourage the publication of timely, accurate, informative and well-presented annual reports for investors, regulator and other stakeholders who may have an interest in the performance and activities of the organizations in question and to recognize as well as honor those organizations for the exemplary achievement in producing such reports.
Speaking of the occasion, Syed Noman Hasan, Executive Director, Lucky Cement Limited, said, “We are committed to ensure transparency and accountability in all our practices. Our reporting and documentation methodologies are well designed and prepared by keeping in mind the effective Corporate Governance policies.”
He further added, “Our aim is to continue publishing such high quality reports to keep our stakeholders well informed with all of our business operations and their performance”.