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Annual Report 2020 Challenges,Challenges, Adversity Adversity & Resilience & Resilience Annual AnnualReport Report2019/2020 2019/2020 CHALLENGES, ADVERSITY & RESILIENCE In the wake of the COVID 19 pandemic, CIPM has been able to face the challenges and adversities impacting on progress and growth by being resilient during the lockdown. Change of business strategy and the use of state of the art technology enabled CIPM to reach many milestones. We applaud the Governing Council and the staff for the resilience in ‘Bouncing Forward’. Chartered Institute of Personnel Management Sri Lanka (Inc.) Challenges,Challenges, Adversity Adversity & Resilience & Resilience Annual AnnualReport Report2019/2020 2019/2020 01 -01 Cover - CoverStory Story 04 -04 Vision, - Vision, Mission, Mission, Values Values & Objectives & Objectives 08 -08 Milestones - Milestones 10 -10 Financial - Financial Highlights Highlights 11 -11 Operational- Operational Highlights Highlights CHAPTERSCHAPTERS 12 -12 Our - Crowning Our Crowning Achievements Achievements 14 -14 President’s - President’s Message Message 22 -22 Hony. - Hony.Secretary’s Secretary’s Message Message 24 -24 Hony. - Hony.Treasurer’s Treasurer’s Message Message 26 -26 Chief - ExecutiveChief Executive Officer’s Officer’s Review Review ABOUTABOUT US US 32 -32 Executive - Executive Council Council 2019/2020 2019/2020 44 -44 Management - Management Team Team 48 -48 Pictorial - Pictorial Review Review 2019/2020 2019/2020 66 -66 Corporate - Corporate Governance Governance Report Report 68 -68 Report - Report on Risk on Management Risk Management STEWARDSHIPSTEWARDSHIP 71 -71 Report - Report on Sustainability on Sustainability ENTS ENTS ENTS ENTS 73 -73 Corporate - Corporate Social SocialResponsibility Responsibility 78 -78 Standing - Standing Committees Committees to the to Council the Council 152 -152 Outline - Outline of Reporting of Reporting Initiatives Initiatives T T T T 156 -156 Report - Report of the ofGoverning the Governing Council Council 158 -158 Independent - Independent Auditors Auditors Report Report MANAGEMENTMANAGEMENT 160 -160 Statement - Statement of Comprehensive of Comprehensive Income Income DISCUSSIONDISCUSSION & ANALYSIS & ANALYSIS 161 -161 Statement - Statement of Financial of Financial Position Position 162 -162 Statement - Statement of Changes of Changes of Equity of Equity 163 -163 Statement - Statement of Cash of FlowsCash Flows 164 -164 Significant - Significant Accounting Accounting Policies Policies to the to Financial the Financial Statements Statements 168 -168 Notes - Notes to the to Financial the Financial Statements Statements 176 -176 Detailed - Detailed Statement Statement of Comprehensive of Comprehensive Income Income FINANCIALFINANCIAL REPORTS REPORTS CON CON CON CON 177 -177 Additional - Additional Notes Notes to the to Financial the Financial Statements Statements 182 -182 Financial - Financial Performance Performance 183 -183 CIPM - CentresCIPM Centres 184 -184 Performance - Performance Review Review (2010 -(2010 2020) - 2020) 186 -186 Notice - Notice of Meeting of Meeting ANNEXURESANNEXURES 2 2 CharteredChartered Institute of Institute Personnel of Personnel Management Management Sri Lanka (Inc.)Sri Lanka (Inc.) CharteredChartered Institute of Institute Personnel of Personnel Management Management Sri Lanka (Inc.)Sri Lanka (Inc.) 3 3 VISION VALUES To be a Guiding Force and Global Leader in Developing and Managing Human COURAGE Being Different, Creative, Innovative Capital INTEGRITY Ethical, Honest and sincere in all dealings PASSION Inner drive for world-class service excellence MASTERY Being proficient in what we do MISSION OBJECTIVES Developing Innovative Practices for Unleashing Human Potential To promote and develop the principles, techniques and practice of personnel management in Sri Lanka; To help in the acquisition and interchange of knowledge by reading of communications and discussions thereon, by establishing and maintaining libraries, publications on matters of professional interest and any such other means; To promote the study of personnel management and to encourage research into the best means and methods of applying the principles and techniques of personnel management in the interests of the industrial and economic development of Sri Lanka; To conduct examinations qualifying for membership of the Corporation to test the competence of persons engaged in personnel management and to grant certificates of competence; To assess the eligibility of candidates for admission to the various grades of membership; To regulate the professional activities and to assist in maintaining high standards in the general conduct of its members; To give the Government and other institutions both in the public and private sectors the facilities for conference with and ascertaining the views of personnel managers as regards matters directly or indirectly affecting personnel management; To encourage and assist in the settlement of disputes between the Institute and its members by arbitration and to nominate arbitrators and umpires; To foster coordination with similar professional institutes in Sri Lanka and other countries in furthering the objects of the Corporation; and To do all such other acts and things as are incidental or conductive to the attainment of above objects or any of them. Challenges, Adversity & Resilience Annual Report 2019/2020 ABOUT US Milestones 08 Financial Highlights 10 Operational Highlights 11 Our Crowning Achievements 12 President’s Message 14 Hony. Secretary’s Message 22 Hony. Treasurer’s Message 24 Chief Executive Officer’s Review 26 Executive Council 32 Management Team 44 Pictorial Review 2019/2020 48 Challenges, Adversity & Resilience Annual Report 2019/2020 MILESTONES Human Resource Management educational at the APFHRM Regional HR Conference held needs of the Central Province. in Singapore in November 2015. IPM Sri Lanka was elected as the Secretary 2020 20 General, Asia Pacific Federation of Human The IPM Negombo Regional Study Accreditation obtained for the PQHRM CIPM President appointed as President 01 Centre opened to cater to the Human programme from Asia Pacific Federation of APFHRM ‘IPM House’ is officially opened by the then Resource Management. IPM President Mr. U.A.C. Obeyesekere on 31st Resource Management educational Human Resource Management (APFHRM). July 2001 realising a long cherished dream of Signed an MOU with Australian Human needs of the Negombo area. Launch Chartered Qualification in HRM the IPM Membership and HR fraternity of Sri Resources Institute (AHRI) and PMSM Signed an MOU with Salford University, UK for (CQHRM) Lanka. Indonesia to enhance professional conducting MSc. and BSc. programmes at IPM development activities. Sri Lanka. Online study programmes for the first time in 2014 CIPM history IPM Sri Lanka successfully completed the IPM launched its very own definition for 20 second phase of the ‘headquarters building Human Resource Management. The new Signing of 06 MoUs with Universities and 02 definition is considered to be a significant Educational Organizations Introduced the first ever HR Service Providers expansion project’ with the addition of its new 2017 Exhibition (Presently known as National HR wing, equipped with state-of-the-art lecture milestone in IPM’s journey and clarifies a IPM Sri Lanka President was elected as the Introducing in-house paper marking system Exhibition) along with the National HR halls, office infrastructure, and amenities. The number of aspects critical to HRM, especially in Vice President of Asia Pacific Federation of Conference. ceremonial opening of the new wing took the Sri Lankan context. Human Resource Management. place on 01st June 2008. ISO 14001:2015 Environmental Management The IPM Galle Regional Centre was opened to Certification cater to the Human Resource Management 20 educational needs of Sri Lanka’s Southern 2018 03 province. IPM Sri Lanka became the Winner of the IPM Learning Centre and Library was officially 2009 1959 launched. The library would later grow to be Sri The IPM Members’ Lounge was launched National Business Excellence Awards (NBEA) A Memorandum of Understanding (MoU) was The Institute of Personnel Management (IPM) Lanka’s biggest collection of books and offering an array of exclusive benefits for IPM 2017 in the Educational Services Sector. signed with CA Sri Lanka for mutual is founded with the objective of nurturing and publications with regard to Human Resource Members. collaboration. developing the profession of Personnel Management. IPM Sri Lanka, upon a rigorous bidding process Management. A Memorandum of Understanding (MoU) was was successful in winning the bid for hosting A Memorandum of Understanding (MoU) was IPM Sri Lanka was elected as the President, signed with the Australian Human Resource the World HR Congress 2020 - the most signed between IPM Sri Lanka, NIPM India and Asia Pacific Federation of Human Resource Institute (AHRI) for mutual collaboration. prestigious global event in the field of Human BSHRM Bangladesh for the formation of the Management (APFHRM) and as Board Resource Management (HRM). South Asian Association of Human Resources 19 Member of the World Federation of People The IPM Gampaha Regional Study Centre was 60 (SAAHR). A committee comprising 14 ‘Subscriber Management Associations. opened to cater to the Human Resource IPM Sri Lanka entered into an MOU with the Members’ and headed by eminent personality Management educational needs of the Malaysian Institute for Human Resource IPM Sri Lanka was categorised as “Human Sir Cyril De Zoysa, adopts
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