SLID and TISL launch ’’Business Against Corruption’’ Initiative

Sri Lanka Institute of Directors (SLID) has  entered into a strategic collaboration with Transparency International Sri Lanka (TISL) to launch an initiative under the theme Business Against Corruption. 

Under this theme, the two institutions will work together to facilitate and enable businesses mitigate the risk of corruption. 
 
The roadmap planned over a three-year time horizon strives to instil sound values of transparency, accountability and integrity, by encouraging ethical business practices, fair market competition, fair pricing and credible leadership in order to build a strong inner resilience framework, the TISL said.
 
 This would be done through a series of programs and activities to create awareness on the issues, which include training programs incorporating best practices on the subject, and engaging key stakeholders in discussions.
 
SLID’s Chairman, Faizal Salieh, said “We are mindful of the current state of affairs, the ground realities, and the challenges faced by companies in doing business. Therefore, our approach on this journey is pragmatic and practical and will enable businesses to proactively and progressively mitigate the corruption risk using preventive measures, checks and balances on a voluntary, 'best efforts' basis.” 
 
Nadishani Perera, Executive Director, Transparency International Sri Lanka (TISL) said “Businesses play a critical role in any nation’s efforts against corruption. At this unique and transformative moment in Sri Lanka’s history, as the citizens have risen against corruption, it is of utmost importance that the business community also commits to do its part towards this mission. TISL is honoured to partner with SLID to support this ‘Business Against Corruption’ initiative, with renewed hope for the country.” 
 
Both SLID and TISL are committed to working closely with the business community to raise the integrity of our nation and make it a better investment destination.