The Securities and Exchange Commission (SEC) urged corporate leaders to embrace integrated reporting as a strategic tool to ultimately foster culture of transparency and accountability that benefits Sri Lankan economy and society at large.
“I urge all corporate leaders to embrace integrated reporting, not merely as a compliance requirement, but as a strategic tool for enhancing stakeholder trust, improving decision making and driving sustainable growth,” SEC Chairman Prof. Hareendra Dissabandara said.
He was addressing the 10th anniversary CMA Excellence in Integrated Reporting Awards 2024 held in Colombo this week.
Integrated reporting, which combines financial and non-financial data, provides investors with a comprehensive view of a company’s performance and prospects. Prof. Dissabandara emphasised that adopting these practices could help address the challenge of information asymmetry, enabling investors to make better-informed decisions.