|
 | The Acting Executive Director of Finance at USP, Mr Kolinio Boila, receives the award from the Chairperson of the judging panel, Ms Renu Chand. Photo courtesy: fijilive. |
|
The University of the South Pacific was announced the winner of one of the four categories of the Annual Report Competition Awards for 2012 organised by the South Pacific Stock Exchange (SPSE).
The 2011 USP Annual Report was awarded in the ‘Co-operatives, Non-Profit and Charitable Organisations’ category on 7 November 2012 at a function held at the Reserve Bank of Fiji.
Similar to previous years, the other three categories in the competition included:
· Category A: Statutory Authorities, Government Bodies & Unlisted Trusts;·
· Category C: Other Public Companies and Unit Trusts; and
· Category D: Listed Companies
The award marked the second win in a row for the University in the same category.
The competition, which has become a prominent event in SPSE’s corporate calendar, seeks to encourage companies, government bodies and charitable organisations to provide quality reporting and balanced disclosures in their annual reports in a move to improve the information made available to stakeholders.
The Chief Executive Officer of SPSE, Ms Jinita Prasad, said that participating organisations can see the benefits of being part of such a competition which puts an edge within companies to endeavour on improving the quality of reporting and adhering to the extant accounting disclosure requirements as well as corporate governance principles.
“It is encouraging to see how some companies have used annual reports to tell a compelling story of their success over the past year,” she added.
The Vice-Chancellor and President of USP, Professor Rajesh Chandra said that the award was a good external validation of the University’s work.
In thanking everyone involved in the production of the 2011 USP Annual Report, Professor Chandra, in particular, acknowledged the efforts of former Pro Vice-Chancellor (Planning and Quality), Dr Michael Gregory and the Director of Development, Marketing & Communications, Mr Jaindra Karan for coordinating and editing the content, and the design of the Annual Report.
The Vice-Chancellor said that the University will take account of any comments that the selection panel may have made on the annual reports to see how they can improve the report even further.
The judging panel consisted of six independent members. The Chairperson of the panel was Ms Renu Chand, Partner at KPMG, and other members were Professor Michael White from the University of the South Pacific, Mr Sunil Sharma from AliZ Pacific, Ms Glenis Yee from BSP Fiji Life Limited, Mr Ritnesh Narayan from the Auditor General’s Office and Mr Peni Tora from Ernst & Young.
|
