SOCIETY

Winners of Best Annual Report and Transparency Award announced

18.12.19 16:05


Companies trading on the Georgian Stock Exchange (GSE) who have the highest quality of reporting were awarded yesterday with the Best Annual Report and Transparency Award including JSC TBC Bank, JSC Telasi, Georgian Leasing Company LLC and JSC Crystal.

 

The purpose of the Best Annual Report and Transparency Award is to promote better reporting practices by companies that are listed on the GSE.

 

High-quality reporting practices that conform with regulation and emerging global best practice, are intended to better inform and protect Georgian investors and encourage them to invest in Georgian listed companies. This will help the GSE grow by attracting new listings and investors,” reports the official website of the award.


There were 16 shortlisted nominees for the 2019 award, including financial institutions, non-financial companies with more than 500 employees and non-financial companies up to 500 employees.

 

The selection process was conducted using a robust methodology that emphasized, among other things, the provision of non-financial information which addresses intangible assets such as brand, customer reputation, know-how and goodwill that drive corporate value.” says the World Bank.

 

 

source: AGENDA

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