Media Release March 9, 2016

Transcription

1 Media Release March 9, 2016 Colombo: CSE Partners with the Sri Lanka Institute of Directors and IFC to Ring the Bell for Gender Equality The global initiative is a call to action for businesses around the world to advance women s empowerment and gender equality The CSE recently joined the Sri Lanka Institute of Directors (SLID), IFC a member of the World Bank Group, UN Global Compact, UN Women, the World Federation of Exchanges, Women in ETFs and the Sustainable Stock Exchanges (SSE) Initiative to ring the opening bell for gender equality. These bell ringing events are taking place in exchanges around the world to highlight the pivotal role of the private sector in empowering women in the workplace, marketplace and community. Mr. Vajira Kulatilaka, Chairman of CSE speaking at the event stated At the CSE, we strongly believe that gender equality is essential for a high performing and talent led organization. We believe that enabling the potential of women is central to ensuring sustainable and inclusive development, both in business and the community. He added Through the CSE s policies, practices and initiatives, we remain committed to creating an environment for women to rise to their potential, both in the workplace and community. We would therefore like to pledge our continued support to ensure gender equality and the full participation of women at all levels of society. Ms. Shiromal Cooray, the Chairperson of the Sri Lanka Institute of Directors thanked IFC and CSE for partnering SLID in what is a symbolic bell ringing commemoration and stated Throughout the year, we will be conducting a series of programs focused on empowerment for women in the workplace with special focus given to Women on Boards. Paving the way for women to embrace leadership roles in the corporate world and discussing the issues faced by women in leadership are key objectives of these programs. Speaking on the initiative, Mr. Graeme A. Harris, Senior Operations Officer of IFC stated that International Women s Day for 2016 will be themed on Pledging for Parity, marking a commitment by both men and women to take action to accelerate gender parity. He stated The idea for the symbolism of bell ringing is an initiative based on the 7 principles for women s empowerment established by UN Global Compact and UN Women. The principles emphasize the business case for corporate action to promote gender parity and women s empowerment. Globally, CEOs of companies have been invited to sign statements of support to the seven principles. Mrs. Francoise Clottes, Country Director for Sri Lanka and Maldives at the World Bank stated that the initiative is not only a call for equality but a call for business efficiency, given the effective

2 contribution made by women to the corporate sector around the world. She also pointed out the importance of more effective policy making in a bid to promote gender diversity in the boardroom and at leadership roles in the corporate sector. Ms. Ramani Muttettuwegama, Senior Partner at Tiruchelvam Associates pointed out the lack of female representation in leadership roles in the corporate sector and urged corporates to empower and recognize women for their contribution. She said In a country where over the last few years women have begun to be appointed to our Supreme Court, where our public service is being dominated by women and the academia is almost all over Sri Lanka completely dominated by women, it should be a matter of great concern that the corporate sector lags so far behind given that as Madam Clottes said, there is absolutely no block to women participating in this sector and moving upwards. Photographs from the Event (L R) CSE CEO Mr. Rajeeva Bandaranaike, Mr. Graeme A. Harris IFC Senior Operations Officer, Mr. Preethi Jayawardena Senior Vice Chairman at SLID, Mrs. Francoise Clottes Country Director for Sri Lanka/ Maldives at the World Bank, Ms. Shiromal Cooray Chairperson of SLID, CSE Chairman Mr. Vajira Kulatilaka, Ms. Ramani Muttettuwegama Senior Partner at Tiruchelvam Associates, Ms. Lilani Perera, CEO, SLID.

3 CSE Chairman Mr. Vajira Kulatilaka speaking at the event. Mr. Graeme A. Harris IFC Senior Operations Officer speaking at the event

4 Mrs. Francoise Clottes World Bank Country Director for Sri Lanka and Maldives speaking at the event Ms. Shiromal Cooray Chairperson of SLID speaking at the event

5 Ms. Ramani Muttettuwegama Senior Partner at Tiruchelvam Associates speaking at the event About CSE The Colombo Stock Exchange (CSE) operates the only stock market in Sri Lanka and is responsible for providing a transparent and regulated environment where companies and investors can come together. The CSE is a company that is limited by guarantee established under the Laws of Sri Lanka. The CSE is licensed by the Securities and Exchange Commission of Sri Lanka (SEC) and is a mutual exchange consisting of 15 Members and 21 Trading Members. All Members and Trading Members are licensed by the SEC to operate as Stockbrokers. For more information, please visit: For more information:

6 Niroshan Wijesundere Head of Market Development Colombo Stock Exchange Level 4, West Block, World Trade Center, Echelon Square, Colombo 01. Sri Lanka. Direct Mobile Fax