Management

SAFA and EFAA launch Digital Competency Maturity Model for Small and Medium Sized Practices in SL

Views - 140 Thursday, 5 December 2019 00:00

The South Asian Federation of Accountants (SAFA) has collaborated with the European Federation of Accountants and Auditors (EFAA) to launch the Digital Competency Maturity Model (DCMM) for the benefit of Small and Medium Sized Practices (SMPs) in the


BDO Consulting MD Nishan at the helm of regional standard setting

Views - 27 Thursday, 5 December 2019 00:00

BDO Consulting Managing Director Nishan Fernando was appointed as the Vice Chair of Asian Oceanian Standards Setters Group (AOSSG) at the eleventh annual meeting held recently in Goa India. The appointment is for the term 2020-21 and he will progress


About TMC

Views - 15 Monday, 2 December 2019 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


Fayaz Saleem meets CMI CEO in London

Views - 20 Monday, 2 December 2019 00:00

Fayaz Saleem, a founder member of the Colombo branch and Past President and ‘Companion’ Member of the Chartered Management Institute UK seized the opportunity of visiting the head office of the Institute in Holborn London on 19 November during hi


TMC November Members Speak: Comments from participants

Views - 13 Monday, 2 December 2019 00:00

It was a very thought-provoking evening by the extremely articulate Dayan Fernando. Dayan speaks from many years of experience; being the Warden of Lyceum International School, he manages an island-wide student population of 22,000 and is a mentor to


Importance of management for an organisation

Views - 12 Monday, 2 December 2019 00:00

In the absence of management no organisation can run successfully. The major importance of management is as follows: 1.Management helps in achieving group goal Management tries to integrate the objectives of individuals along with organisational goal


November Members Speak presents ‘Striking a balance – how to have it all’

Views - 13 Monday, 2 December 2019 00:00

Dayan Fernando – Life Member of TMC Colombo was the eloquent speaker at the November Members Speak. The audience was greeted to a pleasant evening with his very interesting and timely topic ‘How to strike a balance’ between your children and yo


Creating mindful organisation culture

Views - 276 Friday, 29 November 2019 00:00

It is encouraging to see how eventually the Sri Lankan corporates have begun to appreciate the importance of mindfulness. The response we had at the AAT and HR National conferences for mindfulness had been overwhelming. Must thank the west for promot


Abans Group: Building a diversified conglomerate

Views - 1182 Friday, 29 November 2019 00:00

Fifty years have passed since I started the business, and as with any journey there have been many ups and downs. While all rejoice and make noise around the ups, one must never ignore the lessons learnt during the downs. When I initially embarked o


Stax highlights five areas to consider when building corporate strategy

Views - 290 Friday, 29 November 2019 00:00

As corporate executives commence planning for next year and beyond, Stax Head of Business Development Dr. Rasitha Wickramasinghe articulated the following five areas that should be given due consideration when building a successful strategy. Comple


Dr. Nirmal De Silva ‘Outstanding Corporate Trainer of the Year – Leadership & Service (South Asia)’

Views - 28 Friday, 29 November 2019 00:00

Dr. Nirmal De Silva was recognised as the ‘Outstanding Corporate Trainer of the Year – Leadership & Service (South Asia)’ at the third South Asian Business Excellence Awards 2019 held recently at the Hilton Hotel in Colombo. The gala event saw


IFAC Council approves its first-ever female-majority Board

Views - 15 Friday, 29 November 2019 00:00

The International Federation of Accountants (IFAC) last week announced its first-ever female-majority Board. The approval of eight Board members, including five women, occurred at IFAC’s annual Council meeting in Vancouver. The new IFAC Board memb


CSE on board for 5th consecutive year to power CA Sri Lanka’s 55th Annual Report Awards

Views - 23 Monday, 25 November 2019 00:00

For the fifth consecutive year, the Colombo Stock Exchange (CSE) will power the 55th Annual Report Awards organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). CSE has come on board to support the prestigious competition a


Deepal Sooriyaarachchi to lead day of mindfulness at PIM on 1 Dec.

Views - 27 Monday, 25 November 2019 00:00

Responding to the increasing interest in the topic of mindfulness at the workplace, leading management development consultant, corporate personality and author of the book ‘Inward Bound for Mindful Living’, Deepal Sooriyaarachchi will be conducti


Reflecting reality through research: Management and leadership in focus

Views - 339 Monday, 25 November 2019 00:00

We are in the midst of a golden opportunity as a nation to move ahead in solidarity with strategic aims. With refreshing leadership at the helm and renewed enthusiasm for better results in all fronts, it is seen as a positive and progressive beginnin


World’s first Digital Governance Professional Certification launched globally by BoardPAC

Views - 58 Wednesday, 20 November 2019 01:39

At the Digital Forum 2019 organised by BoardPAC and The Chartered Governance Institute, Sri Lanka branch, BoardPAC launched the world’s first and only Gold Standard Certification for Digital Governance. The digital forum was opened by Bentley Bar


PIM shines at South Asian Management Forum in Pakistan

Views - 16 Wednesday, 20 November 2019 01:38

A research delegation from the Postgraduate Institute of Management (PIM) gained significant recognition at the recently-concluded 15th South Asian Management Forum (SAMF), a biennial conference organised by the Association of Management Development


CIPM adds 571 more HR graduates to the market at 2019 graduation ceremony

Views - 42 Wednesday, 20 November 2019 01:38

CIPM Sri Lanka, the nation’s leader in human resources management, added over 500 human resource graduates to the market in the fast-growing and dynamic discipline of Human Resource Management at the CIPM Graduation Ceremony 2019, ‘Scaling Dizzy


Meeting with IFAC CEO Kevin Dancey at IFAC headquarters

Views - 13 Wednesday, 20 November 2019 01:29

CMA Sri Lanka President Prof. Lakshman R. Watawala, a member of the International Federation of Accountants (IFAC) the Global Body for the Accounting Profession, visited its headquarters based in New York and met with CEO Kevin Dancey. During this v


IAASB seeks public comment on exposure draft of conforming amendments to revised IESBA Code

Views - 8 Wednesday, 20 November 2019 01:28

New York, NY: The International Auditing and Assurance Standards Board (IAASB) is requesting public comments on its Exposure Draft focused on conforming amendments to the International Standards as a result of the revised International Ethics Standar


TMC Wattala inaugurated

Views - 19 Tuesday, 19 November 2019 00:00

The inaugural meeting of TMC Wattala was held on 4 November at 7 p.m. at the Pegasus Reef Hotel, its host hotel. The meeting was preceded by a ‘getting to know each other session’. The rain and traffic had its impact on attendance, however the me


Benefits to TMC members

Views - 13 Tuesday, 19 November 2019 00:00

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 club


About TMC

Views - 12 Tuesday, 19 November 2019 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


About TMC

Views - 11 Monday, 4 November 2019 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


TMC Wattala inauguration today at Pegasus Reef Hotel

Views - 13 Monday, 4 November 2019 00:00

After a very successful preliminary presentation and cocktails on 20 September at the Pegasus Reef Hotel, members who have shown their desire to join TMC Wattala have been invited to the inaugural meeting on 4 November at the host hotel – Pegasus R


DFCC Bank partners TMC and issues credit cards

Views - 17 Monday, 4 November 2019 00:00

DFCC Bank entered into a corporate partnership with The Management Club (TMC) as Official Banking Partner for a period of three years. This strategic partnership will enable DFCC Bank to issue its credit cards to the members of TMC and Chartered Mana


Public relations: Offering businesses a competitive advantage

Views - 9 Monday, 4 November 2019 00:00

Public relations has been defined as the interaction of a business with its customer base, and or with prospective customers. This interaction can take various forms, which may include events such as trade shows, marketing promotions, customer relati


CIMA refreshes Code of Ethics to help finance professionals address ethical challenges of 2020s

Views - 18 Friday, 1 November 2019 00:00

The Chartered Institute of Management Accountants (CIMA), the world’s largest body of management accountants, has updated its Code of Ethics to better help finance professionals deal with ethics and independence challenges in the modern digital bus


CIMA CXO Forum: Thriving in the digital economy whilst remaining relevant

Views - 13 Friday, 1 November 2019 00:00

The annual CXO Forum of the Chartered Institute of Management Accountants (CIMA) in Sri Lanka was held on 10 October at the Hilton Colombo Residences. This year’s theme was ‘Thriving in a Digital Economy’ which focused on how the inevitable tr


Experts discuss tax, Customs appeals procedure

Views - 141 Friday, 1 November 2019 00:00

“Under the new Inland Revenue Act there is no requirement to furnish a bank guarantee upfront to the Tax Appeals Commission, and it is up to the Commission to decide if such security is required, this is a positive feature,” said Suresh Perera


Today's Columnists

COVID-19 – The dark side of global supply chains

Monday, 17 February 2020

The coronavirus, now known as COVID-19, outbreak in China has slowly but steadily rattled the global economy, disrupting virtually every major industry, from food, fashion, pharmaceuticals, entertainment to automobiles and technology. The first casu


Covid-19 and its effect on the airline industry

Monday, 17 February 2020

The effects of the Coronavirus, now named Covid-19 by the World Health Organization (WHO), has already had a numbing effect on the airline industry. Sadly, it appears that the worst is yet to come. SARS in 2002 Readers who remember the Severe Acute


Coronavirus epidemic and China’s slowdown: Economic impact on Sri Lanka

Monday, 17 February 2020

On 28 January 2020, the World Health Organization (WHO) declared the outbreak of the novel coronavirus (2019-nCoV) a global emergency. The new virus emerged in Wuhan, the capital of Hubei Province in China but has now spread to at least 27 other coun


Doing bigger and better

Monday, 17 February 2020

When I say this to my colleagues, many misinterpret it as working for a bigger enterprise with better perks. Well, that is not what I mean. This truly is a confusing and opportunistic statement. During the three decades of my entrepreneurial exper


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