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CA Sri Lanka unveils exclusive 21st Century Board Leadership Masterclass

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Future ready board members

The Business School of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) together with the Institute of Directors of Luxembourg launched a ground-breaking 21st Century Board Leadership Model Masterclass for the first time in the country.  An exclusive training program aimed at developing skills and strategy of future ready board members, the masterclass targets corporate directors and c-suite executives, who aspire to go beyond their traditional scope and take on a more dynamic and challenging role as future ready leaders who possess the necessary vision and strategy to drive the organisations forward amidst mounting challenges.  The masterclass was conceptualised and launched in Luxembourg and is currently offered by the Institute of Directors of Luxembourg to its European membership and is amongst the institute’s flagship programs.

The goal of the masterclass is to prepare young corporate directors and c-suite executives to be future ready 21st century board members, while inculcating the importance of creating a board response strategy and how to develop a company specific 21st Century Board Leadership strategy template. CA Sri Lanka President Manil Jayesinghe said that the COVID-19 crisis has helped professionals understand the increasing need to adapt with time, and also possess the ability to strategise towards the future, immaterial whether we are dealt with a man-made, natural or health crisis. “The masterclass by the CA Sri Lanka Business School is introduced at a very opportune time when business leaders and c-suite executives and even small and medium sized business owners to entrepreneurs need to understand the complex dynamics surrounding them and why it’s important to transition from 20th century leadership to 21st century leadership, if we are to overcome the challenges and navigate unchartered territories of the future, successfully,” he said.

 The program will be delivered via seven insightful and interactive webinars covering a range of topics including introduction to the ‘21st Century Board Leadership’ model and strategy, climate emergency board response strategy, health and social emergency board response strategy, new technology challenges and opportunities, challenges and opportunities in geo-politics, economic emergency and the Board’s response strategy and governance and Board strategy advisory committee.

 The ultimate goal of the program is that every participant takes back a proposal to their company Board/CEO to build on and create a 21st Century Board strategy based on what they have learned from the masterclass.  The program will be delivered by an expert faculty comprising of Dr. Ravi Fernando and Raymond Schadeck. Dr. Fernando is an alumnus of the University of Cambridge and of INSEAD Business School, and Chairman of Global Strategic Corporate Sustainability Ltd., which operates in Europe, Vietnam, and Sri Lanka. Schadeck is an Independent Director and Chair of The Board of Regents at Sacred Heart University Luxembourg, Jack Welch College of Business & Technology, as well as the Chair of the Board of Université dans la Nature, in Canada.

The CA Business School was established to develop business leaders who possess the ability to create, transform and sustain successful organisations. The CA Business School offers a range of courses relevant to professionals in accounting and finance as well as management and strategy. Among the programs it offers is an Executive Diploma, Postgraduate Diploma, a globally recognised MBA from the University of Southern Queensland, Australia (USQ) and short courses on pertinent business and finance topics. The CA Business School has also been instrumental in partnering with globally reputed business schools such as INSEAD, DUKE CE and Euromoney Training to offer internationally recognised executive programs for Sri Lankan professionals.



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DFCC Bank’s Ranwarama pawning facility lends a helping hand to those with urgent cash requirements

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DFCC Bank has increased the advances of its “DFCC Ranwarama” Pawning Facility as a solution for families to meet their urgent cash requirements as many families are experiencing financial difficulties due to the COVID-19 outbreak that has had a significant impact on the Sri Lankan economy.

Through this scheme, all Sri Lankan citizens over 18 years of age with the contractual capacity to declare themselves as owners of the articles can now pawn gold or gold jewellery. DFCC Bank accepts jewellery made of 18 Karat -24 Karat gold, with the articles being assayed using the latest available equipment. Items of 24 Karate will hold an advanced value of LKR 82,000/-, while 22 Karat pieces will hold an advanced value of LKR 68,000/- at an interest rate of 0.75% per month. Those who engage in these transactions are provided a maximum of 12 months to settle the pawning advances at their convenience.

DFCC Bank’s Ranwarama Pawning Facility offers many other special features including the highest advance amount at competitive rates of interest, confidentiality and guaranteed security for the articles, flexible payment plans with redemption options when required and redemption without prior notification. All of these facilities are available with no hidden charges, offering customers the best service available in the market.

You may visit a DFCC Bank branch closest to you to transact or visit the Bank’s website at www.dfcc.lk for further information. Customers can also contact DFCC Bank’s 24-hour contact center on +94(11)2350000 for further inquiries.

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HSBC Sri Lanka recognised as the Best Consumer Digital Bank by Global Finance

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HSBC has been recognised as the Best Consumer Digital Bank in Sri Lanka for 2021 by Global Finance at the World’s Best Consumer Digital Banks Awards in Asia-Pacific. While this is the bank’s fourth award win for this year, this also marks the 13th time that HSBC Sri Lanka has been named the Best Consumer Digital Bank, since 2006.

HSBC Sri Lanka is also the only market in Asia Pacific to win the prestigious award this year.

According to Global Finance, the global health crisis accelerated the need for digital and contact-free solutions by banks in helping create safe and efficient banking services for customers. HSBC Sri Lanka was quick to react in supporting customers in providing seamless digital bank offerings in an increasingly demanding environment, while ensuring customers have a secure banking service with a full spectrum of client-centric banking services.

Through its wealth of digital capabilities and offerings, HSBC allowed customers to adopt a mobile-first approach, and provide them with faster, easier and more secure banking services 24/7. The bank introduced a virtual on boarding capability for account opening, loans and credit cards supported by Adobe Live Sign, eKYC and virtual PINs to provide a seamless on boarding experience for customers. HSBC also offers credit card activation through SMS and an e2e virtual registration process for online banking, offering a virtual banking experience.

In Sri Lanka more than 90% of its personal customers now use digital channels including mobile banking, e-wallets, real-time cash deposit machines and other digital services.

Nadeesha Senaratne, Country Head of Wealth & Personal Banking said, “We are truly honoured to be named the Best Consumer Digital Bank in Sri Lanka for 2021 by Global Finance in recognition of our digital capabilities, and delivering important everyday services and features that customers need and expect. As a leading international bank, we are putting the power of our bank in every customer’s pocket, with easier and more secure digital banking. We want to take the hassle out of everyday banking, and enable customers to easily manage their money online, from opening a new account in a few clicks, to making real time payments and accessing credit.”

Senaratne added: “We’re also blending the power of technology with the expertise of our people and empowering our frontline teams with the latest data and insights tools, to be better-equipped to check customer satisfaction in the moment, to understand, and respond to their evolving needs and give customers excellent service.”

Winners were selected by a world-class panel of judges and entries were judged based on the strength of strategy for attracting and servicing digital customers, success in getting clients to use digital offerings, growth of digital customers, breadth of product offerings and evidence of tangible benefits gained from digital initiatives.

Earlier this year, HSBC Sri Lanka was also named International Bank of the Year by Asiamoney and Finance Asia respectively, and International Retail Bank of the Year by Asian Banking & Finance.

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BoardPAC appointed Strategic Partner of Commonwealth’s Business Network – CWEIC

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BoardPAC, the Sri Lanka-based multinational Board meeting automation solutions company, has been appointed a Strategic Partner of the Commonwealth Enterprise and Investment Council (CWEIC), the organisation officially mandated by the Commonwealth Heads of Government to promote trade and investment between the 54 Commonwealth member countries.

This prestigious appointment will see CWEIC relying on BoardPAC’s award-winning solutions to conduct board and committee meetings with members and maintain relationships across the Commonwealth network at a time when the global pandemic’s complete disruption of business activity has resulted in a surge in the demand for efficient board meeting automation.

The Company said the partnership will also effectively promote the BoardPAC platform to new users and facilitate its expansion into new territories and focus markets. BoardPAC already has a global user base in excess of 50,000 and a presence in more than 40 countries.

Noting that BoardPAC’s latest partnership serves as yet another testament to the quality of its solutions, BoardPAC Co-Founder/CEO, Lakmini Wijesundera stated: “Our growth plan includes expanding our worldwide network, and our strategic alliance with CWEIC will strongly help us extend our presence into Commonwealth territories. The strategic cooperation between CWEIC and BoardPAC is especially relevant in light of the worldwide pandemic, and the emerging need for secure remote working and filling the void in virtual board meetings.”

CWEIC Chairman, Rt. Hon. Lord Jonathan Marland said: “We are looking forward to work closely with BoardPAC. The alliance will not only help CWEIC to conduct virtual board meetings securely and safely, but also align ourselves with all governance, risk and compliance as well as environmental, social, and governance frameworks.” Echoing this sentiment, CWEIC Deputy Chair, Sir Hugo Swire stated: “We are excited to partner with BoardPAC and extend modern digital governance and compliance solutions to organisations operating in the Commonwealth.”

Disclosing that BoardPAC’s excellent track record inspired confidence within the CWEIC to implement its solution on a global scale, CWEIC Chief Executive, Samantha Cohen CVO added: “We’re delighted that BoardPAC, one of the most renowned virtual board meeting automation providers in the world, joined our network of Strategic Partners. BoardPAC will add significant value to our board and committee meetings, allowing the CWEIC to conduct meetings with its members throughout the Commonwealth more effectively. The partnership also demonstrates the opportunities within the Commonwealth, and the confidence businesses have towards the Commonwealth and CWEIC.”

A commercial, not-for-profit membership organisation, the Commonwealth Enterprise and Investment Council’s network includes around 100 business and government Strategic Partners (members) including Standard Chartered, Zenith Bank, Trade & Investment Queensland and the Government of the Maldives from 30 countries and territories. Every two years, CWEIC hosts the Commonwealth Business Forum in association with the host country of The Commonwealth Heads of Government Meeting (CHOGM).

BoardPAC is an award winning, multinational, paperless board meeting automation solutions provider, recognised for driving simple, secure, sustainable and experiential communications for Board and Executive members. Leading corporates such as Petronas, Deloitte, EY, Mercedes Benz, Prudential, Hong Leong Group, Stock Exchange of Malaysia, Central Bank of Sri Lanka, Bombay Stock Exchange, Bank Negara, Maybank, Power Grid Corporation of India, Colombo Stock Exchange, and Sri Lankan Airlines are just some of BoardPAC’s success stories, and the Company said the partnership with the CWEIC will pave the way to several more high-profile additions to this list.

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