For the second consecutive year, The Chartered Institute of Management Accountants (CIMA) and The International Chamber of Commerce Sri Lanka (ICCSL) have launched Sri Lanka’s Most Admired Companies Awards 2019.
The awards are recognised as being the only one of its kind in Sri Lanka, and are for companies that are a cut above the rest in terms of not just their financial performance but also on the value they create in a sustainable and ethical way for their employees, customers, investors, and the general community.
A public survey has already been circulated requesting for participants to vote for companies that they admire on a few selected criteria. The survey is open until 15 May 2019 for nominations.
These awards are for those who have established themselves as being excellent in business performance and across a number of other discrete performance criteria. The companies bestowed with the Top10 Rankings are those that enjoy the strongest reputations and inspire other organisations and entrepreneurs. They have proven their mettle with honesty, integrity, and character that are truly enduring elements of a successful business organisation.
What sets these awards apart from the plethora of award competitions and schemes, is the stringent evaluation based on globally accepted criteria by a distinguished panel of judges. The panel of judges include Ravi Abeysuriya (Chairman), Dr. Harsha Cabral, Deepal Sooriyaarachchi, Sujeewa Rajapakse and Aroshi Nanayakkara.
Companies that have been in business for over five years as at 30 June 2019 and are 30% or more of Sri Lankan ownership are eligible to enter this Awards competition, which is open to both listed and unlisted companies in Sri Lanka. Those ranked Top 10 will, in addition to the title, be privy to publicity and recognition throughout the country and beyond, and use this as an opportunity to build further on their organisational image as well as brand.
ICCSL Chairman Dinesh Weerakkody FCMA CGMA stated: “This is the second consecutive year that we are launching these awards to recognisetop performing Sri Lankan companies that have excelled in their respected industries and contributed to the overall economic growth of Sri Lanka. We are proud to host these awards together with CIMA Sri Lanka with whom we have built a strong professional relationship over the last year. ICC, through a unique mix of advocacy, solutions and standard setting, promotes international trade and responsible business conduct which we advocate to recognise through these awards. ICC is the largest business organisation in the world with over 45 million members from many of the world’s leading companies, SMEs, business associations and local chambers of commerce.”
CIMA Country Manager for Sri Lanka Zahara Ansary ACMA, CGMA said:“The Most Admired Company awards are meant to recognise organisations that do not just deliver business success but do much more for the society. In these times of unprecedented change, these companies go beyond operations to drive impact, beyond limits to deliver solutions and beyond expectations to create value. In this Centenary year for CIMA, we look forward to recognising these organisations. CIMA helps businesses succeed and we are pleased to continue our partnership with ICC Sri Lanka, in bringing to the business world, initiatives of this nature.”
The Chairman of the panel of Judges, Ravi Abeysuriya FCMA, MBA, CGMA, CFA said:“Being recognised as a most admired company is a definitive globally recognised report card of corporate standing in Sri Lanka. To select the most admired, companies are ranked against a unique set of quantitative and qualitative criteria. The quantitative criteria include financial soundness, long-term investment value creation, earnings growth and dividend payout, etc. To determine the best-regarded companies, Judges consider collective performance of qualitative attributes such as quality of management, quality of products and services, competitiveness, ability to attract, develop, and keep talent, innovation, and environmental, social and corporate responsibility, including the track record of integrity and business ethics.”
The awards ceremony is slated to take place on 18 August at BMICH.
The organisers invite companies to submit their entries to be ranked amongst the best of the best.Initial submissions are due by 31 May. Application forms can be obtained by e-mailingAwards.SriLanka@aicpa-cima.com.
For enquiries – contact the ICCSL Secretariat on 0112307841 or the CIMA Secretariat on 0112503880.