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COSCO SHIPPING Ports Limited
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COSCO Pacific wins honorable mention of the

Date:2004-12-06     Publish:本站

The 2003 annual report of COSCO Pacific won honorable mention of the "Best Annual Reports Awards 2004", held by Hong Kong Management Association on 6th December. It is the fifth time COSCO Pacific winning the same prize since 1998.

Organized by The Hong Kong Management Association, presentation of the "Best Annual Reports Awards" is held annually since 1973, to encourage companies to publish detailed, accurate and well-presented annual reports for shareholders, employees and others who are interested in the performance and activities of the company, in order to raise enterprises' transparency and corporate governance indirectly.

This year, 93 companies and institutes have participated in the competition, 73% of which in "General" Category and 27% in "Non-profit Making and Charitable Organizations" Category. The criteria of selection include thoroughness, promptness, method of presentation and clarity of reporting etc. Companies of the General Category must also conform to local accounting standards, regulations of listed company or Companies' Ordinance. Mr. Howard Gorges (Vice Chairman, South China Brokerage Company Ltd), Chairman of the assessment committee, expresses that overall standards of the competing annual reports are fairly good this year.