Oxford College of Business wins Gold for corporate reporting at CA Sri Lanka’s TAGS Awards 2022 - Oxford College of Business Sri Lanka

Oxford College of Business wins Gold for corporate reporting at CA Sri Lanka’s TAGS Awards 2022

The 2021/22 Annual Report of the Oxford College of Business (OCB) won Gold for the second consecutive year in the Small and Medium Entities sector at the latest edition of the TAGS (Transparency Accountability Governance and Sustainability) Annual Report Awards 2022 organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). CA Sri Lanka’s TAGS Awards serves as the gold standard in corporate reporting in Sri Lanka. The newly rebranded awards ceremony reflects the core values developed through the competition for over half a century, which aims to strengthen standards and uphold the integrity of corporate reporting among Sri Lankan companies which produce annual reports.

“While I give all Glory and Honour to Christ for this great achievement, it is important to note that for any company, the Annual Report is the most important communications tool to demonstrate transparency, accountability, governance and performance,” Oxford College of Business, Director/CEO, Malindu Ranasinghe commented. “At Oxford College of Business, producing the Annual Report has become a fine art, which is borne out by the many accolades our Annual Reports have won over the years. This latest award is a prestigious addition to this collection and is a great source of encouragement to the team at Oxford College of Business and is a testament to the principles of transparency, accountability, governance and sustainability. These principles have been nurtured across the Oxford College of Business over the years, and are at the core of how we run our businesses.”

OCB’s 2021/22 Annual Report titled ‘Power to Resolve’ explored the changing landscape of the higher education industry that witnesses incessant consumer demand for enhanced learning experiences, a surge in disruptive technologies in teaching and learning, evolving operational context where social and environmental concerns were included in the corporate agenda, while exploring new opportunities and possibilities of knowledge enhancement.

The Chairman’s Statement, reflected on the resilience of the Oxford College of Business in the backdrop of a challenging year. The report also traces the Business School’s organisational overview, opinions of members in top management, operating environment, business model for sustainable value creation, and governance and risk management strategies, in addition to the financial report.

OCB’s annual reports have consistently been recognised with local and regional awards for many years. Oxford College of Business won six awards for its 2020/21 Annual Report where it was recognised by professional financial bodies such as CA Sri Lanka, CMA Sri Lanka and ACCA Sri Lanka, while also being recognised as Asia’s Best Integrated Report 2021 under the SME category at both Asia Sustainability Reporting Awards 2021 and Asia Integrated Reporting Awards (AIRA)2021. Commanding over 57 years of excellence and existence, CA Sri Lanka reignited its quest for enhanced transparency, accountability, governance, and sustainability by reconceptualising and rebranding the highly prestigious Annual Report Awards as the TAGS Awards this year, marking a new chapter in corporate reporting in the country. The gala event was held under the patronage of  Governor of the Central Bank of Sri Lanka, Nandalal Weerasinghe, delegation of German Industry and Commerce in Sri Lanka Chief Delegate Marie Antonia von Schönburg, Central Bank Deputy Governor NelumaniDaulagala, who also served as the Chairperson of the Final Panel of Judges of the TAGS Awards 2022, CA Sri Lanka President Sanjaya Bandara, Vice President Heshana Kuruppu, Colombo Stock Exchange Chairman Dilshan Wirasekara, TAGS Committee Chairman Thivanka Jayasinghe, and Alternate Chair Chamila Cooray.