Thursday, 27th November 2014

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Business

The Ceylon Chamber of Commerce which initiated the Best Corporate Citizen Sustainability Award in 2004, held its eleventh awards ceremony at the Cinnamon Grand on Tuesday. Dr Subir Gokarn was the keynote speaker while Hilmy Cader was the guest of honour at this year's awards. MAS Intimates was named as the Best Corporate Citizen this year. Here MAS Intimates CEO and Director Dian Gomes accepting the award from Dr Gokarn. Ceylon Chamber of Commerce Chairman Suresh Shah looks on. Picture by Siripala Halwala
Sri Lanka’s corporate environment can no longer focus on making profits and meeting shareholder expectations as their only objectives. They have to now gradually focus on protection of the environment to achieve sustainable growth, Ceylon Chamber of Commerce Chairman (CCC) Suresh Shah said. “Today, the process of wealth creation is measured, not just in terms of return on investment but also in terms of a corporate’s impact on society and the environment. "Indeed the triple bottom line should be profits, planet and people, “ Shah told at the 11th Best Corporate Citizen awards ceremony held at...
Dr Nalaka Godahewa
The capital market is expected to be a key contributor to the economy by 2020 with a Market Capitalization of around US$ 100 billion. A strong regulatory framework and a reputation for Corporate Governance are essential pre-requisites in achieving that vision, SEC Chairman Dr Nalaka Godahewa said. Speaking on ‘Corporate Governance’ at the Directors Symposium for the NBFI sector on Tuesday, he said with the right strategic focus and the commitment of all stakeholders,they have been able to bring the stability back to the market and create an environment where the capital market is viewed as a...