17 January 2023 12:00 am
L B Finance created history by garnering two awards for its 2021/22 annual report at the South Asian Federation of Accountants (SAFA) Best Presented Annual Report Awards, Integrated Reporting Awards & SAARC Anniversary Awards for Corporate Governance Disclosures Competition 2021 held on December 18, 2022 in
Kathmandu, Nepal.
The company secured the Overall Bronze Award for Corporate Governance Disclosures, and the Bronze Award for the Financial Services category, thus establishing L B Finance’s reputation as an entity renowned for transparency and accountability across the region.
For over two decades, these coveted awards have played a formative role in encouraging new benchmarks in financial reporting and governance disclosures across 8 countries in South Asia, including India, Pakistan
and Bangladesh.
The awarded L B Finance annual report titled “Empowering the Journeys of Many” presents a clear and concise account of the year to its stakeholders, while promoting accessibility and inclusiveness across all tiers of society. The company has continued to make strides in the arena of financial reporting and governance, while consistently achieving recognition for reporting excellence amongst its peers.
“Year on year, we have always sought to elevate the standard of financial reporting, and we are proud to note that this year’s L B Finance’s annual report has been recognised for these efforts on an international stage.
The importance of accountability, transparency and good governance cannot be overstated, particularly in these unprecedented times, and we will continue to move from strength to strength in setting new and improved standards for reporting both locally and internationally,” commented Sumith Adihetty, Managing Director, L B Finance.