LOLC Group wins the prestigious National Business Excellence Award 2016
The Group also wins multiple sub-sector awards
LOLC Group reached the pinnacle of Excellence when it was crowned as the overall Gold Award Winner at the National Business Excellence Award (NBEA) 2016 at a glittering awards ceremony held recently in Colombo. Whilst securing the overall Gold Award, LOLC Group also won a number of other sub-sector awards at the NBEA 2016,organised by the National Chamber of Commerce of Sri Lanka (NCCSL) for the 13th consecutive year. 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 and 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 recognises business enterprises which have demonstrated excellence in business, whilst contributing to the socio-economic progress of the nation. This year, many corporate estab- lishments stepped forward to compete in theNBEA 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 7 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.
LOLC Group Managing Director/ CEO, Kapila Jayawardena and LOLC Group Deputy Chairman, IsharaNanayakkara receiving the National Business Excellence Award 2016 from the Chief Guest, Dr. IndrajitCoomaraswamy, Governor – Central Bank of Sri Lanka.