Mercantile Investments wins three awards
Managing Director, Gerard
Ondaatjie receives the Finance Company sector bronze award.
Mercantile Investments and Finance PLC (MI) excelled in financial
reporting this year again winning three awards at the CA Sri Lanka
Annual Report competition at the Waters edge recently.
MI bagged two all-island awards, securing the all-island silver
award, for the best integrated annual report and clinched the all-island
special award for the best disclosure on 'business model'.
The company was also awarded the bronze, in the Finance Companies
sector, for its FY 2014/15 annual report published on the theme
'Journeying towards integrated value creation'. The theme highlights the
company's responsible and sustainable business journey for the past
fifty years and its performance in FY 2014/15 creating integrated value
for stakeholders. For the second year running, the company produced an
integrated annual report, drawing reference to the International
Integrated Reporting Council's recommended integrated framework. This
added further ambiance to the report which is comprehensive in its
disclosure on corporate governance reporting and risk management
practices, apart from having the annual audited financial statements and
MI's commitment towards sustainability was reiterated also through a
well detailed sustainability section which covered the enterprise's
economic, social and environmental initiatives conducted during the