LOLC Group Managing Director/CEO Kapila Jayawardena and LOLC Group Deputy Chairman Ishara Nanayakkara receive National Business Excellence Award 2016 from chief guest Central Bank Governor Dr. Indrajit Coomaraswamy
The LOLC group reached the pinnacle of excellence when it was crowned as the overall Gold award winner at National Business Excellence Award (NBEA) 2016 at a glittering awards ceremony held recently in Colombo.
Whilst securing the overall Gold award, the LOLC group also won a number of other sub-sector awards at NBEA 2016, organised by the National Chamber of Commerce of Sri Lanka (NCCSL) for the 13th consecutive year. The NBEA is recognised as Sri Lanka’s highest corporate award.
In addition to the overall Gold award, the LOLC group also won Gold in the Extra Large category as well as in the Diversified Group of Companies category. The group’s flagship luxury hotel, The Eden Resort & Spa, won Gold in the Hospitality & Tourism sector. The group also won three Bronze awards for Excellence in Performance Management, Excellence in Business and Financial Results and Excellence in Local Market Reach.
The NBEA, which is presented annually by the NCCSL, recognizes business enterprises that have demonstrated excellence in business, whilst contributing to the socioeconomic progress of the nation. This year, many corporate establishments stepped forward to compete in the NBEA with the introduction of the new evaluation model scheme and criteria.
According to the new model, business enterprises were evaluated under a newly structured evaluation model of seven perspectives, which included Excellence in leadership, excellence in corporate governance, excellence in capacity building, excellence in performance management, excellence in local and global market reach, excellence in corporate social responsibility and environmental sustainability and excellence in business and financial results.
Sharing his thoughts about the victory, LOLC Group Managing Director/CEO Kapila Jayawardena said, “This is a remarkable achievement and it clearly signifies LOLC’s exceptional performance, dynamism and excellence in corporate Sri Lanka. We are very pleased that LOLC has been ranked number one and I believe our rank confirms the success of our efforts in ensuring continuous improvement, unwavering professionalism and longstanding partnerships.”
The LOLC group is a leading diversified conglomerate present in the foremost economic sectors of the country. LOLC has evolved rapidly over the past few years from a leading financial services provider to one of the largest and most diversified conglomerates in the country. Today, LOLC’s portfolio is broadly categorised as financial services and non-financial services, encompassing leisure, plantations, agri-inputs, renewable energy, construction, manufacturing and trading and other strategic investments. Pursuing new markets and taking Sri Lanka to the world, LOLC has ventured into two overseas investments setting up operations in Cambodia and Myanmar with many more plans in the pipeline for regional expansion.
The NBEA is one of Sri Lanka’s pioneering awards competitions, which was launched in 2004 by the NCCSL. Over the years the awards has maintained its high standard and has gained much prestige and popularity among the business community due to the well-structured awards scheme that is carefully adjudicated by a competent and eminent panel of judges.