Management

Global backing for measuring stakeholder capitalism

Views - 9 Thursday, 23 January 2020 00:41

Davos, Switzerland: On Tuesday, the CEOs of many of the world’s largest companies expressed support for aligning on a core set of metrics and disclosures in their annual reports on the non-financial aspects of business performance such as greenhous


New integrated thinking model underpins leaders’ vision for a more sustainable world

Views - 7 Thursday, 23 January 2020 00:39

As the World Economic Forum convenes around ‘stakeholders for a cohesive and sustainable world’, the International Integrated Reporting Council (IIRC) on Tuesday presented a new model for integrated thinking that encourages long-term, sustainable


Valuation master class with Prof. Aswath Damodaran to attract high profile business leaders

Views - 12 Thursday, 23 January 2020 00:39

Wall Street’s ‘dean of valuation’ Prof. Aswath Damodaran will be back in Colombo on 27 and 28 March to inspire business leaders and decision-makers both in C suite level and finance at a two-day master class on valuation organised by PwC’s Ac


China’s 2019 FDI up 5.8%, outbound investment falls 6%

Views - 6 Wednesday, 22 January 2020 00:43

BEIJING (Reuters): Foreign direct investment (FDI) in China in 2019 rose 5.8% from a year earlier to 941.5 billion yuan ($ 136.71 billion), the commerce ministry said on Tuesday. China’s outbound direct investment (ODI) declined 6% to 807.95 billio


No turning point in sight as IMF predicts sluggish global growth

Views - 4 Wednesday, 22 January 2020 00:43

Washington (Reuters): Global growth appears to have bottomed out but there is no rebound in sight and risks ranging from trade tensions to climate shocks makes the outlook uncertain, a top International Monetary Fund official said on Monday. For 2020


ILO sees end to falling global unemployment rate

Views - 5 Wednesday, 22 January 2020 00:42

GENEVA (Reuters): The global unemployment rate has stabilised after declining for nine years since the crisis, the International Labour Organization (ILO) said on Monday, and it could edge up next year as the world economy slows. The rate stood uncha


Global resource consumption tops 100 b ton for first time

Views - 4 Wednesday, 22 January 2020 00:42

Paris, AFP: The world is using up more than 100 billion tons of natural resources per year for the first time ever while global recycling of raw materials has fallen, according to a report released Tuesday. The share of minerals, fossil fuels, metals


Majority of CEOs expect global economy to cool in PwC survey

Views - 9 Wednesday, 22 January 2020 00:40

DAVOS, Switzerland (Reuters): More than half of chief executives in an annual survey by PwC expect a slowdown in global economic growth this year, in marked contrast to the confidence that has lifted stock markets. The survey, published on Monday ahe


Asian companies scaling up on the back of wave of capital investment

Views - 9 Wednesday, 22 January 2020 00:39

Asian companies are scaling up on the back of a wave of capital investment, but this has not translated into higher profits overall. Investment in Asia has tripled in just 10 years, a wave of capital that has propelled many Asian companies to greater


SLID Women Directors Forum inspired by Aussie entrepreneur Tammy Barton

Views - 12 Monday, 20 January 2020 02:54

The Women Directors’ Forum (WDF), a pioneering initiative by the Sri Lanka Institute of Directors (SLID) together with the Institute of Chartered Accountants of Sri Lanka’s (ICASL) Women Empowerment and Development Committee, recently organised a


EY to conduct breakfast event on Early Warning Systems

Views - 110 Monday, 20 January 2020 02:50

Ernst & Young (EY) Sri Lanka will be hosting a breakfast event on Early Warning Systems (EWS) on 22 January at Mövenpick Hotel, Colombo 3, from 8.00 a.m onwards. The event will acquaint participants with the fundamentals of EWS and the implementati


Karim Mareek speaks on ‘Abundance Culture’ to EO Sri Lanka members

Views - 44 Monday, 20 January 2020 02:41

The Entrepreneurs’ Organisation (EO), a global organisation exclusively for entrepreneurs, hosted an event recently to inform and educate its members on ‘Establishing [an] Abundance Culture’. The event, conducted by Kareem Mareek, was held on


‘Turning Around Sri Lanka’ Economic Forum concludes with experts’ insights on way forward

Views - 189 Monday, 20 January 2020 02:34

The Economic Forum 2019 organised by the Finance Students’ Association of University of Kelaniya, successfully concluded on 26 November 2019, at the Auditorium of Faculty of Commerce and Management Studies, University of Kelaniya. Themed ‘Turnin


TMC Mt. Lavinia members to meet on 20 Jan. at Berjaya; Colombo members on 30 Jan. at Galadari

Views - 7 Monday, 20 January 2020 00:03

The Management Club inaugurated in Feb 2002, by the then British High Commissioner Linda Duffield, is fast approaching its 20th year of operations as one of the few ‘home grown’ management associations with the vision of bringing together senior


Benefits to TMC members

Views - 8 Monday, 20 January 2020 00:03

TMC is pleased to inform all its members of the benefits available to all Life Members and Members who have renewed their memberships. Your TMC Card is the key to avail of these benefits which are applicable to all Members ‘irrespective’ of which


About TMC

Views - 6 Monday, 20 January 2020 00:02

The Management Club (TMC) formed in 2001 under the auspices of the Chartered Management Institute – UK Sri Lanka Branch is a forum dedicated to uplift management practices in Sri Lanka on par with the best international standards and strives to ach


TMC Lounge and Boardroom to close from 15 Jan. to 15 Feb. for expansion

Views - 7 Monday, 20 January 2020 00:02

TMC Lounge and Boardroom will be closed to the entire membership, to facilitate the expansion of the current lounge and re-decorating the adjoining room as the boardroom. The closure will be effective from 15 January until 15 February. The Lounge and


Sri Lanka must get out of its own way and architect a service hub, states Omar Khan

Views - 97 Tuesday, 14 January 2020 00:00

“Never ever as a leader position yourself as a barrier to possibility, you are supposed to be an architect to possibility. As a national leader, as a manager, as a parent… outside is Colombo outside is Sri Lanka; go be part of its renewal. If you


Manufacturing in 2020: Connecting machines to networks and companies to end-consumers

Views - 154 Wednesday, 8 January 2020 00:00

While change is buffeting the industrial manufacturing industry from a number of directions, the most disruptive changes will be those which manufacturers can and should make for themselves. Many of these manufacturers are already taking advantage o


Global coalition led by IFAC addresses need for strong public financial management in emerging economies

Views - 10 Tuesday, 7 January 2020 00:53

A coalition of 11 global and regional accountancy organisations and international development agencies, led by IFAC, the International Federation of Accountants, recently convened a three-day conference in Malaysia to bring awareness to how effective


BDO ends 2019 on a high

Views - 63 Tuesday, 7 January 2020 00:53

The BDO story is an amazing one. Its founders’ vision was to look beyond their horizons and establish an outstanding global organisation, built upon special people. As a result, BDO in 2019 employed more than 88,000 people in 167 countries and ter


IAASB enhances and modernises ISA 315 for more robust risk assessment

Views - 10 Tuesday, 7 January 2020 00:52

The International Auditing and Assurance Standards Board (IAASB) has released International Standard on Auditing (ISA) 315 (Revised 2019), its revised standard for identifying and assessing risks of material misstatement. ISA 315 (Revised 2019) is a


TMC’s regular ‘Members Speak’ to be held on 30 January

Views - 8 Monday, 6 January 2020 00:00

In view of the festive season that has just concluded, it was thought to be appropriate to delay the hosting of the popular ‘Members Speak’ usually held during the third week of each month to a later date. Therefore plans are being made to sched


About TMC

Views - 11 Monday, 6 January 2020 00:00

The Management Club (TMC) formed in 2001 under the auspices of the Chartered Management Institute – UK Sri Lanka Branch is a forum dedicated to uplift management practices in Sri Lanka on par with the best international standards and strives to ach


Coffee Bean announcement to TMC members

Views - 9 Monday, 6 January 2020 00:00

The management of Coffee Bean (one of its partner sponsors) has announced that due to certain internal issues, their system is undergoing some changes and as a result the 10% discount provided to TMC members will be inactive. No sooner the system cha


TMC Mount members to meet and greet on 20 January at Berjaya Mount

Views - 8 Monday, 6 January 2020 00:00

The Board of Management of TMC has arranged a meeting of the membership of TMC Mount Lavinia on 20 January at 7 p.m. at the their host hotel, Berjaya Mount Royal Beach Hotel. In keeping with the vision of TMC of developing managerial effectiveness, t


The workplace habits stopping your career in its tracks

Views - 8 Monday, 6 January 2020 00:00

It has been proposed by a number of psychologists and behaviour theorists that 97% of our behaviour is subconscious. This means that 97% of the time we are on autopilot – reacting, making decisions and behaving out of habit rather than conscious th


“Companies too often become institutionalised passion killers”: Omar Khan

Views - 320 Wednesday, 1 January 2020 00:05

Omar Khan a pioneer of neuro-linguistic programming and a leading innovator in Transformational Learning in the US and throughout the world says the most essential attribute of a leader is to demonstrate behaviourally and personally what you ask o


Sustainability, the new business license in 2020!

Views - 73 Wednesday, 1 January 2020 00:00

Sustainability is the journey in pursuit to regulate the exhaustion and depletion of natural resources in order to sustain an ecological balance. In simpler words: “The coexistence of the biosphere and human civilisation, is referred to as sustaina


See 2020 through Johari’s Window

Views - 107 Wednesday, 1 January 2020 00:00

2020 is around the corner, and most of you must be listing your wish-list and goals for 2020. In Sri Lankan context most of the goals are task oriented, achievement related to experience (tours, events), owing materials (house, car) and reaching edu


Today's Columnists

Forensic Audits part of bond scam cover-up

Saturday, 25 January 2020

From the time the bond scam was carried out by the Ranil Wickremesinghe administration, that administration under the guidance of the former Prime Minister had been avoiding the law by regularly bringing up various distractions so that the true natur


Halting mega projects is untimely; Govt. can explore other options

Friday, 24 January 2020

In a Sunday newspaper on 5 January a news item titled ‘Mega projects on hold until August budget,’ ‘Drop in revenue after tax reductions prevents spending on major constructions,’ was not a development-friendly headline. It may be accurate o


Is any further expenditure on the Port City a waste of money?

Friday, 24 January 2020

Erase from the mind all that you have read and heard about it. Then take a blank piece of paper, draw an irregular circle, and draw a line to divide it into two. On the bottom half write 300 acres. That is our Port City! To get the size into a proper


Foundations of incivility

Friday, 24 January 2020

The lack of advanced political consciousness and democratic discipline can be considered as one of the main reasons for the crisis and the failure that Sri Lanka is facing. This can be considered a situation that has prevailed since independence. Sri


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