DP World wins top award for excellence in financial reporting

Dubai: DP World has won the coveted Excellence in Financial Reporting Award at the Middle East Accountancy and Finance Excellence Awards ceremony recently held at the Ritz Carlton in Abu Dhabi under the patronage of Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Culture, Youth and Community Development. Saeed Shahsavarani, Senior Vice President and Group Financial Controller of DP World received the award on behalf of the company. The Middle East Accountancy and Finance Excellence Awards are organised by the Institute of Chartered Accountants of England '&' Wales (ICAEW), a world leader in the accountancy and finance profession with over 140,000 members across the globe. The awards were launched in 2011 to celebrate the very best in the accountancy and finance profession in the Middle East. The Excellence in Financial Reporting award is for organisations whose financial reports show an explicit statement of the long-term direction of the company, supported by the short-term strategic priorities and actions to pursue this, with clear use of specific targets, clear analysis of the principal risks the company faces in meeting its strategic aims, including information on how these are mitigated and managed, clarity in reporting of fundamental financial performance such as underlying drivers of financial results, cash and funding policies and positions, and segmental performance, an appreciation of the company's approach to sustainable development and how this links to the strategic ambitions of the company and an explanation of how the company's governance structures operate effectively in practice. – Emirates News Agency, WAM