Page 3 - NEWSLETTER DECEMBER 2014

Governance, Transparency and Service to Members & Students www.icap.org.pk Unilever with ICAP will introduce an Immersion SAFA Best Presented Annual Project and National Finance Olympiad. In Immersion, companies from different industries will be selected and Report Awards 2013 interactive sessions with the finance representatives of The South Asian Federation of Accountants Best respective companies will be held where discussions Presented Annual Report (BPA) Awards ceremony was will lift up issues and challenges, processes in held on December 4, 2014 at Bhubaneshwar, India. The accounting and finance. The representatives will learn SAFA awards are conferred on the basis of evaluation about the best practices (treasury, taxation, reporting, administered by SAFA’s Committee for Improvement performance management etc.) from one another and in Transparency, Accountability and Governance of the best teams will be awarded prizes. the published annual reports of entries from member countries, under different categories. This year 14 This initiative will be led by ICAP and then later on companies were nominated from amongst the winners National Accounting Olympiad will be organized of the Best Corporate Report Awards 2013. where the best Finance Talent will be identified and recognized. Finance professionals from the industry Fauji Fertilizer Company Limited and Arif Habib are expected to participate in the Olympiad. Teams Corporation Limited were declared winners in will undergo testing of accounting concepts, financial ‘Manufacturing’ and ‘Financial Services’ categories controls and practical implication. The finale of the respectively. Olympiad will be held at a grand level and excitement will be created by building up striking marketing and The following companies were declared First Runner up media hype. in their respective categories: The Unilever Team also gave a presentation about S. No. Company Category their products’ portfolio and manufacturing sites. Unilever CFO and VP Finance Mr. Ali Tariq and Corporate 1. Crescent Steel and Allied Manufacturing Finance Director Ms. Asiya Zaidi talked about the Products Limited Unilever finance function, people development and management, sustainability of their finance operations 2. Engro Corporation Limited Diversified and business acumen. Holdings (Others) The meeting was followed by lunch and exchange of 3. MCB Bank Limited Private Sector souvenirs. Banks 3