Promoting SMEs, NBEA's aim

Promoting small and medium scale enterprises (SMEs) is the primary objective of the National Business Excellence Awards (NBEA), said National Chamber of Commerce of Sri Lanka (NCCSL), President, Sunil Wijesinghe at the launch of NBEA.

He said that winners of the NBEA should be exemplary models for others to emulate. Many top corporates have excelled in their performance and have reached the pinnacle of success. The chamber will identify and promote leadership which is the primary criteria of this year's awards.

“Many corporates excelled in their performance but failed to win awards as they could not present their achievements in a credible manner,” Wijesinghe said.

The NBEA evaluates the overall performance of companies and rewards them for their achievements. The NBEA is being held for the 10th consecutive time this year.

Excellence in financial results, corporate governance, capacity-building, performance management, local and global market reach and corporate, social and environmental sustainability are the main criteria of the awards scheme.

Chief of the panel of judges Prof. Uditha Liyanage said, “Are corporates successful and are they excellent will be the questions that will loom large at this year's awards”. Doing well will not be sufficient but doing it right is what is needed. The NBEA will evaluate corporates for their performance and conformance, he said.

The NBEA ceremony will be held on November 27 at the Hilton.

- LF