AIA will partner as Platinum sponsor, the Chartered Institute of Management Accountants (CIMA) and the International Chamber of Commerce Sri Lanka (ICCSL) in presenting ‘Sri Lanka’s Most Admired Companies Awards 2018’, for the first time in Sri Lanka. The awards will recognise 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.
Companies that have been in business for over five years as at June 30, 2018 and are 40% 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.
AIA CEO Pankaj Banerjee said, “As a key player in Sri Lanka’s corporate sphere, we take great pride in being associated with an event of this nature, which seeks to recognize and reward excellence and business ethics.
‘As the second largest insurer in the world, AIA endorses international standards of excellence in business and enduring elements of successful business organization. In this light, we are delighted to be a part of this effort to recognize honesty, and integrity in Sri Lanka’s most reputed corporates.
“The evaluation will be based on quantitative as well as qualitative criteria, through a stringent evaluation based on globally accepted criteria, by a distinguished panel of judges. The judging would consist of several rounds of assessment and scoring of defined attributes of value creation by the companies based on independent surveys, submissions and presentations by the companies. So, there is absolute transparency and accountability in the process,” he said. Director and Chief Officer Legal, Governance, and External Relations for AIA, Chathuri Munaweera said, “This pioneering initiative which rewards excellence across a number performance criteria, is aimed at recognizing companies with the strongest reputations, that inspire other organisations and entrepreneurs.
“It facilitates and encourages unlisted companies which usually don’t get the recognition they deserve, although they contribute significantly towards the country’s economic growth.
“With over three decades of experience doing business in Sri Lanka, AIA is intimately familiar with the country’s corporate landscape. We are respectful of companies that succeed financially, but more so, through sustainable and ethical value creation,” she said.
ICCSL Chairman Dinesh Weerakkody said, “ICCSL values its professional relationship with AIA and are happy to work with them as our Platinum Sponsor on this initiative.”