Management

US SEC Commissioner defends proposal on shareholder voting rules

Views - 8 Wednesday, 19 February 2020 00:00

WASHINGTON (Reuters): A top official at the US Securities and Exchange Commission on Thursday defended an agency shareholder voting proposal amid ‘misconception’ received from the SEC’s public consultation process over new limits to vote on tho


IFAC President delivers keynote address at CMA Sri Lanka SME Conference

Views - 37 Wednesday, 19 February 2020 00:00

The ‘Financial and Cost & Management Accounting for Development of SMEs’ conference was hosted by the Institute of Certified Management of Accountants of Sri Lanka (CMA – Sri Lanka) on Friday, 24 January at Taj Samudra from 8:30 a.m. to 5 p.m.


ACCA gears up to manage evolving role of finance profession over next decade

Views - 10 Wednesday, 19 February 2020 00:00

It’s time to rewire perceptions of the accountancy profession and through their next brand theme ‘the power of future-ready talent’, ACCA has geared themselves to ensure that their students and members are perfectly placed as the future-proof l


Building leaders in the leisure sector

Views - 7 Tuesday, 18 February 2020 00:00

Serendib Leisure Management Ltd. (SLML), which has four hotels under its wing, needed to boost the potential of their mid-level leaders so that they could be the flag-bearers for the new business strategy the company was striving to implement. In par


CIPM Sri Lanka to provide training for officers of Maldives Civil Service Commission

Views - 8 Tuesday, 18 February 2020 00:00

CIPM Sri Lanka – the nation’s leader in human resource management – hosted of Maldives Civil Service Commission (CSC) President Dr. Aly Shameem (PhD) and Maldivian High Commission in Colombo Second Secretary Maryam Saaniga Rasheedh for a discus


Automation ‘to take over half of all jobs in 15 years’

Views - 8 Tuesday, 18 February 2020 00:00

Approximately half of all jobs will be materially impacted by automation in the next 15-20 years, said professional services firm Accenture in a new report. Meanwhile, 79% of executives agree that work is shifting from roles to projects—challenging


NCE to conduct vital forum on Human Capital Management on 27 February

Views - 10 Tuesday, 18 February 2020 00:00

The National Chamber of Exporters of Sri Lanka (NCE) will host a forum on Human Capital Management from 4.30 p.m to 7.30 p.m. at the Diamond Ballroom of the Marino Beach Hotel on 27 February. HCM is an approach to people management that treats it as


Time for businesses to move beyond token CSR

Views - 12 Monday, 17 February 2020 00:39

By Chandani Kirinde It is time for businesses to go beyond undertaking token Corporate Social Responsibility (CSR) programs and focus on bigger issues such as how their businesses impact the environment and how they can incorporate measures to addres


IFAC President launches CMA Management Accountancy Consultancy Services for SME Sector

Views - 272 Monday, 17 February 2020 00:36

CMA Sri Lanka launched the CMA Management Accountancy Consultancy Services for the SME Sector at the Financial and Cost and Management Accounting for Development of SMEs Conference on 24 January based on the IFAC Global SMP Survey 2018 summary carrie


‘Talk of the Month’ by Colombo School of Business and Management: Highlights and learnings

Views - 12 Monday, 17 February 2020 00:33

Colombo School of Business and Management (CSBM) www.csbm.edu.lk, the premier ‘Business School of the Nation’ recently held its pioneering signature event ‘Talk of Month’ by Dilani Alagaratnam, former President – Group HR, Legal, Sustainabi


About TMC

Views - 9 Monday, 17 February 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


Ethical leadership and the psychology of decision-making

Views - 7 Monday, 17 February 2020 00:00

Changes in today’s business environment pose vexing ethical challenges to executives. We propose that unethical business decisions may stem not from the traditionally assumed trade-off between ethics and profits or from a callous disregard of other


TMC lounge and boardroom re-opening delayed

Views - 6 Monday, 17 February 2020 00:00

Acquiring additional space, attention to the electrical and other aspects of renovation, together with the ordering of additional custom-made furniture has unfortunately delayed the scheduled re-opening of the premises. The President of the Board of


TMC Colombo holds presentation and fellowship

Views - 6 Monday, 17 February 2020 00:00

Over 30 members who confirmed their presence for the 30 January event at 6 p.m. at the Galadari Hotel were unable to be present due to the chaotic traffic situation in most areas of Colombo. Much of the traffic was re-directed to other roads causing


The CFO of the future: Not just a glorified accountant

Views - 662 Tuesday, 11 February 2020 00:01

Following are excerpts of an interview with Ronnie Peiris who gives his insights on the guardianship role that CFOs have to evolve to fill in a challenging future


TMC Mt. Lavinia presentation and fellowship at Berjaya Mount Royal

Views - 9 Monday, 3 February 2020 00:08

The Board of Management of TMC organised a presentation and fellowship on 20 January at their Host Hotel at 7 p.m. In spite of the usual traffic challenges during this time of the day, over 30 members participated together with some of the senior mem


Top-down and bottom-up project management

Views - 25 Monday, 3 February 2020 00:06

Significant changes are taking place in management and especially project management today. We hear that organisations like The New York Times, Tribune Co., Ernst & Young, switched from the so-called top-down management style to bottom-up manag


About TMC

Views - 14 Monday, 3 February 2020 00:05

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


Current membership classifications

Views - 8 Monday, 3 February 2020 00:05

Ordinary subscribing members: Entrance fees Rs. 15,000; annual Rs. 10,000 Corporate membership: Minimum five from one organisation; group entrance fee per member Rs. 10,000; and annual fees Rs. 5,000 (interchangeable with those leaving with those jo


TMC Lounge and Board Room

Views - 6 Monday, 3 February 2020 00:04

TMC members of all Clubs in Colombo, Mount Lavinia, Kalutara, Negombo and Wattala may look forward to the expanded, re-decorated Lounge and Boardroom, perhaps with a small meeting room on or before 15 February. The Board of Management regrets the inc


Multiple events in Colombo disrupted by two protest marches

Views - 9 Monday, 3 February 2020 00:04

The two protest marches in Colombo caused havoc to the traffic flow late evening on 30 January. Although a large contingent of members confirmed their presence at the TMC Colombo Presentation and Fellowship, many of them struggled for over an hour an


Multiple events in Colombo disrupted by two protest marches

Views - 9 Monday, 3 February 2020 00:04

The two protest marches in Colombo caused havoc to the traffic flow late evening on 30 January. Although a large contingent of members confirmed their presence at the TMC Colombo Presentation and Fellowship, many of them struggled for over an hour an


Global backing for measuring stakeholder capitalism

Views - 20 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 - 12 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 - 20 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 - 9 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 - 12 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 - 9 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 - 13 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 - 16 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


Today's Columnists

Withering of expectations and prospects of new ones

Friday, 21 February 2020

The election of Gotabaya Rajapaksa as President at the last Presidential Election can be said to have been the ultimate wish of the majority of Sinhala Buddhist people. Yet, the people were not aware that the President they were electing does not hav


Upsurge of populism

Friday, 21 February 2020

“Populism: denies the pluralism of contemporary societies. It promotes hostility to “enemies” and flirts with violence. It is generally gripped by a territorial mentality that prioritises borders and nation states against ‘foreigners’ and


Diplomatic drone strike, Indo-Lanka equation and constitutional change

Thursday, 20 February 2020

The ‘diplomatic drone strike’, the dramatic US strictures against the Army Commander, Lt. Gen. Shavendra Silva, tells us that Big Brother IS watching. This isn’t the usual suspects, its way out of their league. This is the Big League, the big b


Solar and wind power can resolve electricity crisis, early and cheaper, if allowed

Thursday, 20 February 2020

The country is facing the worst power situation in the history, with electricity generation being unable to meet the demand, with generation costs among the most expensive in the world. With the current scenario, the country cannot be expected to com


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