(New York, 14 December 2006) – Today, the Chartered Institute of Management Accountants Sri Lanka Division (CIMA SL) and the Global Compact Office announced an agreement to collaborate on awareness-raising efforts with companies in Sri Lanka about the corporate citizenship initiative. With the support of the Global Compact Office, CIMA SL will organize and conduct outreach events and training programs focused on the Global Compact. Additionally, CIMA SL plans to assist companies with the practical implementation of the ten principles into business practices. A focus of their efforts will be to train Sri Lanka-based Global Compact participants on compliance with the Global Compact’s annual reporting requirements – the Communication on Progress (COP).
In association with the soon-to-be established Global Compact Network in Sri Lanka, CIMA SL will recognize business organizations with an annual awards program for responsible corporate practices in each of the core principle areas – human rights, labour, environment and anti-corruption.