SLID and TISL launch ‘Business Against Corruption’ initiative

Sri Lanka Institute of Directors (SLID) recently entered into a strategic collaboration with Transparency International Sri Lanka (TISL) to launch an initiative under the theme ‘Business Against Corruption’.

Under this theme, the two institutions will work together to facilitate and enable businesses mitigate the risk of corruption. The roadmap planned over a three-year time horizon includes a series of programs and activities to create awareness on the issue, key stakeholder engagements, training programmes incorporating international best practices on the subject, instilling sound values of transparency, accountability, integrity, fair market competition, fair pricing, ethical business practices, credible leadership and building a strong inner resilience framework.  

SLID’s Chairman Faizal Salieh said, “We are mindful of the current state of affairs, the ground realities, and the challenges faced by companies in doing business. Therefore, our approach on this journey is pragmatic and practical and will enable businesses to proactively and progressively mitigate the corruption risk using preventive measures, checks and balances on a voluntary, ‘best efforts’ basis.” 

Nadishani Perera, Executive Director, Transparency International Sri Lanka (TISL) said, “Businesses play a critical role in any nation’s efforts against corruption. At this unique and transformative moment in Sri Lanka’s history, as the citizens have risen against corruption, it is of utmost importance that the business community also commits to do its part towards this mission. TISL is honoured to partner with SLID to support this ‘Business Against Corruption’ initiative, with renewed hope for the country.” 

Both SLID and TISL are committed to working closely with the business community to raise the integrity of our nation and make it a better investment destination.