Janashakthi wins merit award

Janashakthi Insurance won a merit award at the SAFA ( South Asian Federation of Accountants) awards for best annual reports held in Colombo.

Managing Director, Janashakthi Prakash Schaffter said, "It is truly an honour to be ranked amidst the best of the best in the region. This is a great achievement for Janashakthi Insurance, as it is the first time we have been recognised for our excellence in financial reporting. As a leading Insurer who values integrity, Janashakthi rates transparency, good governance and reliability at the top of our priority list".

Considered as the most prestigious accolade for financial reporting in the South Asian region, Sri Lankan companies together with companies from India, Pakistan, Bangladesh and Nepal were rewarded for their excellent annual reports which promoted transparency, accountability and good governance.

SAFA selects winners based on a stringent selection criteria by an eminent panel of judges based on the presentation and disclosure of high quality, relevant and reliable financial statements meeting International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS).

"The financial report of a company should reflect a true and fair view of the business affairs of the organisation in a comparable and understandable manner, as it is used by regulators and other stakeholders alike.