ISSN: 1391 - 0531
Sunday November 11, 2007
Vol. 42 - No 24
Financial Times  

What about ethics? - letter

Most of the newspapers gave a lot of publicity to the awards ceremony of Business Today when the 10 top corporates selected by this magazine were felicitated at the Presidential Secretariat.

The President himself gave away the awards for the 10 “Top” Corporates. It appears that the yardstick for this awards is only looking at the Financial Performance of the companies; not taking into consideration important elements such as corporate governance, business ethics and Corporate Social Responsibility.

If these important factors were taken into consideration Distilleries Corporation of Sri Lanka (DCSL) and Ceylon Tobacco Company (CTC) could not have got into the top 10. Anyway even leaving aside CSR it is shocking how DCSL which is under investigation by Customs for a duty fraud was selected as No.1 of the top ten.

Ms Lilani Lokuhettige, Depanama, Pannipitiya.

 

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