Business Times

Chamber’s CSR awards in November

The Best Corporate Citizens Awards (BCC) organized by the Ceylon Chamber of Commerce (CCC) that was held consecutively for the last six years appears to be a persuasion on the part of the CCC to put the corporate entities into perfection or excellence in business. Through BCC, 10 Best Corporate Citizens will be selected.

This year’s BCC would be held on November 3 and the CCC held a seminar, this week to enlighten the prospective contenders on the criteria and how to provide information accurately in making the application. In view of the global and local developments the Awards this year will give more attention to sustainability of business while encouraging to promote CSR, focusing on three particular dimensions such as people, profit and planet and to be conscious of the future generations.

Susantha Ratnayake, Vice Chairman, CCC and Prof Lakshman Watawala, Chairman – BCC Award Committee introduced the BCC Awards 2010. Dr Saman Kelegama, Executive Director, Institute of Policy Studies shared the past experiences of BCC.

The areas reviewed under each of the stakeholder groups are: Environment, Employee Relations, Customer and Supplier Relations, Community Relations and CSR and Governance and Economic Contribution.

Each area was explained at the seminar as follows: Environment –Dr Ananda Mallawathanhri, Assistant Resident Representive UNDP; Employee Relations – Ravi Peiris, Director General, Employers’ Federation of Ceylon; Customer and Supplier Relations – Dr Uditha Liyanage, Director, Postgraduate Institute of Management; Community Relations and CSR – Ms Gayathri Gunaruwan, and Governance and Economic Contribution – Ajith Ratnayake, Director General, Sri Lanka Accounting and Auditing Standards Monitoring Board.

Mr Ratnayake elaborating on the area of Governance and Economic Contribution said that bribery and corruption has evolved to be a major menace in the country and is widespread. He said that there should be a giver in bribery and thus in the private sector there must be a system in the organization to ensure that their employees are discouraged in bribery and corruption as bribery is offered to get something done.

He said that in evaluating the applications they are looking at the policy documents to assess that people are made aware of what policies they introduce in the eradication of bribery and corruption and said that they would carry more points and also requested the contenders to attach their financial statements and as well as the audit reports which are important in terms of governance.

In the case of Economic Contributions he said that exports and value-additions to the products that would contribute to the economy of the country in balance of payment are also assessed. He said that North and East could be considered in the area of economic contributions as there are land and labour freely available in those regions and they can be put into use by the private sector. These resources are under-utilized in these regions and they could be put to better use for the benefit of the nation.

Mr Ratnayake said that they are also looking at enterprises that are moving out of Colombo and Gampaha areas where companies add new dimensions in sustainability. Dr Kelegama dwelling upon the past experiences of BCC said that the event is of substance to promote sustainable practices to ensure the long term survival of not only the corporate entities but also their multitude of stakeholders and the planet.

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
 
Other Business Times Articles
Colombo stocks gone wild
Chinese team visiting in July for Colombo South Harbour construction
Standard Chartered Bank hedging losses carried overseas
Hydraulic experts endorse feasibility of Galle Face commercial city
Encouraging hobbies among Sri Lankans
Census confirmed for 2011
Mixed reaction to the budget
Comment - Missiles over Sri Lanka
Feature - Managing Information Technology and security in a Cha (lle)nging world
Feature - National University System in jeopardy: State indifference towards academics
Link Samahan wins approval from Canadian market In 15th year of business
Anti piracy unit set up in CID
Entries for SLIM Brand Excellence 2010 open July 8
Government’s 2010 budget targets cannot be trusted: Econo
CMA for Sustainable Business amidst climate change
IMF disburses US$407.8 million, extends SBA for another year
Indo – Lanka FTA not up to expectations since a decade
Commercial Bank named Lanka’s best once again
Heritance Kandalama wins Best Five Star Resort for third year at Presidential awards
Order online at chinesedragoncafe.com
Chamber’s CSR awards in November
Financial literacy is about knowing the basics
No action on hedging deals by AG, says Ameresekere
Defects of transitional shelter in post-war resettlement
Unilever helping with rehabilitation in the North
Golden Key depositors demand that authorities expedite repayment
Arpico Supercentre earns top brand honours
Virtusan Madurika Welivita honoured with Academic Excellence Award
Asian Shippers’ Council secretariat moves to Ceylon Chamber
MBSL records a revenue of over Rs.1 billion
Asha Phillip Securities to open new branch, plans to expand
Gerard Victoria, Head of Aviation at Hayleys
Drinking tea could boost food security : UN agency
Working poor and job-oriented growth
SL exports to be US$ 20 billion by 2020
Sri Lanka’s rubber market enters a promising path
Rajitha Kariyawasan appointed to Hayleys Board
LOLC to expand micro finance in North-East
Develop professionally efficient workforce: new THASL president
NDB Bank appoints Chrishanthi and Indrajit as COOs

 

 
Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 2010 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved.| Site best viewed in IE ver 6.0 @ 1024 x 768 resolution