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CLP Holdings LTD Won the Top Prize of the 2003 HKMA Best Annual Reports Awards 25/12/2003
CLP Holdings Ltd won the HKMA Best Report Award this year. Its report was
commended by the 9-member Panel of Adjudicators as an outstanding all-round
report with excellence performance in all aspects, enhanced by effective visual
presentation.
Apart from the Best Report Award, there are two categories of winning reports: General and Non-profit Making and Charitable Organizations. The results are as follows: General Category Gold: HSBC Holdings plc Silver: MTR Corporation Limited Swire Pacific Limited Bronze: First Pacific Company Limited Kowloon-Canton Railway Corporation The Kowloon Motor Bus Holdings Limited Non-profit Making and Charitable Organizations Category Gold: Securities and Futures Commission Silver: Hong Kong Monetary Authority Bronze: Hong Kong Trade Development Council Honourable Mentions Airport Authority Hong Kong China Unicom Limited City University of Hong Kong COSCO Pacific Limited The Family Planning Association of Hong Kong Hang Lung Properties Limited Hang Seng Bank Limited Hong Kong Exchanges and Clearing Limited The Hong Kong Jockey Club Hong Kong Police Force The Hong Kong Polytechnic University All trophies were presented on Monday, 15 December by Dr The Hon David K P Li GBS JP, Chairman of The Hong Kong Management Association. This year, a total of 114 reports (77 from General and 28 from Non-profit Making and Charitable Organizations categories) were reviewed by the Panel of Adjudicators, including reports of all the constituents of the Hang Seng Index. The Best Report was selected from the 77 submitted voluntarily from the General category. An exhibition organized by the Association will be held to publicly display all the 114 annual reports. Details are as follows: Date: 16-17 December 2003 Time: 11:00 am 9:00 pm Venue: Hong Kong MTR Station Organized by The Hong Kong Management Association since 1973, the Best Annual Reports Awards is an annual event to encourage the publication of timely, accurate, informative and well presented annual reports for shareholders, stakeholders, employees and others who may have an interest in the performance and activities of the organizations in question. The criteria of selection include: conformity with accounting standards, conformity with the requirements of the Hong Kong Stock Exchange and Companies Ordinance, provision of additional information relating to corporate governance, general presentation, understandability, summary of past results and highlights, management discussion and analysis, indications of prospects, employee relations and development, as well as promptness of reporting. For the General Category, the Panel of Adjudicators commended that the overall standard of annual reports this year remained very high... Winners of this years Awards produced reports of exceptional quality with excellent use of photographs, charts, tables and innovative, eye-catching layouts to give depth and perspective to the companys performance and image. These reports have set an example of anticipation and innovation in meeting the increasingly higher standard of reporting and transparency required of listed companies. It was noteworthy that a number of big companies, particularly those that use or produce natural resources or otherwise impact the environment or community, paid considerable attention to environmental, health and safety issues. Despite the standards of reporting, the Adjudicators mentioned that there was a fall in the overall promptness of report submission... More effort should be spent to discuss issues concerning employee relationships and development, work safety, training and general welfare in annual reports. For Non-profit Making and Charitable Organizations Category, the Adjudicators were satisfied with the continuous high standard with regard to quality of content and its delivery and presentation. The best performers succeeded in producing high quality content comprehensively covering their purposes, activities, performance and how they meet the needs of their respective constituencies and society as a whole. Some reports were also extremely well designed, creating a strong, positive image of the organization and its work thereby enhancing the prospect of winning greater support from their stakeholders and the public. For further improvement, the Panel highlighted that More attention should be paid to goals, visions, problems, planning and budgeting in order to give a full picture and help to draw in more of the support and understanding that would help to fulfil their aspirations. The Panel of Adjudicators this year include Mr Howard Gorges (Chairman), Vice Chairman, South China Brokerage Co Ltd; Mr Robert Bunker, Director, Bentley Reid & Co (Pacific) Ltd; Dr Gerald Chau, Assistant Professor, School of Accounting and Finance, The Hong Kong Polytechnic University; Ms Jill Cheshire, Director, Jill Cheshire Design; Mr Charles Grieve, Director of Accounting Policy, Corporate Finance Division, Securities & Futures Commission; Ms Karen Lee, Chief Financial Officer, Hong Kong Exchanges and Clearing Ltd; Mr Caspar Li, Managing Director, Value Partners Ltd; Dr David Ng, Director, Lippo Asia Ltd; and Mr James Soutar, Director, Sofaer Global Research (HK) Ltd. * * * * * * * * * * * * * * * * * * * * Issued by The Hong Kong Management Association on 15 December 2003.For press enquiries, please contact Ms Titania Woo (Tel: 2774 8580/ 9094 2960 / Email: titaniawoo@hkma.org.hk) or Ms Sunnie Ma (Tel: 2774 8581/ Email: sunniema@hkma.org.hk)
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