Challenges, Adversity & Resilience Annual Report 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.) 01 - Cover Story 04 - Vision, Mission, Values & Objectives 08 - Milestones 10 - Financial Highlights 11 - Operational Highlights 12 - Our Crowning Achievements 14 - President’s Message 22 - Hony. Secretary’s Message 24 - Hony. Treasurer’s Message 26 - Chief Executive Officer’s Review 32 - Executive Council 2019/2020 44 - Management Team 48 - Pictorial Review 2019/2020 66 - Corporate Governance Report 68 - Report on Risk Management 71 - Report on Sustainability ENTS ENTS ENTS 73 - Corporate Social Responsibility 78 - Standing Committees to the Council 152 - Outline of Reporting Initiatives T T 156 - Report of the Governing Council 158 - Independent Auditors Report 160 - Statement of Comprehensive Income 161 - Statement of Financial Position 162 - Statement of Changes of Equity 163 - Statement of Cash Flows 164 - Significant Accounting Policies to the Financial Statements 168 - Notes to the Financial Statements 176 - Detailed Statement of Comprehensive Income CON CON 177 - Additional Notes to the Financial Statements 182 - Financial Performance 183 - CIPM Centres 184 - Performance Review (2010 - 2020) 186 - Notice of Meeting 2 Chartered Institute of Personnel Management Sri Lanka (Inc.) Challenges, Adversity & Resilience Annual Report 2019/2020 CHAPTERS ABOUT US STEWARDSHIP MANAGEMENT DISCUSSION & ANALYSIS FINANCIAL REPORTS ANNEXURES Chartered Institute of Personnel Management Sri Lanka (Inc.) 3 VISION To be a Guiding Force and Global Leader in Developing and Managing Human Capital MISSION Developing Innovative Practices for Unleashing Human Potential VALUES COURAGE Being Different, Creative, Innovative INTEGRITY Ethical, Honest and sincere in all dealings PASSION Inner drive for world-class service excellence MASTERY Being proficient in what we do OBJECTIVES 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 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 the IPM Constitution. Initiated the first ever Exchange Programme Gampaha area in collaboration with FCCISL. Management for an exchange programme of Resource Development” under the ‘Schedule with a foreign professional body by teaming two staff members per year, for educational of Professions’ of the Organisation of up with the National Institute of Personnel purposes. Professional Associations (OPA) of Sri Lanka. Management, India. Accordingly, IPM Sri Lanka will be entitled to 1962 2010 nominate a “Representative Member” to serve The ‘Handbook of Personnel Management’ is IPM commences HRM courses in Jaffna on the Executive Council and Forum meetings compiled by Dr. D.S. Bandarage. This was through its Jaffna Regional Study Centre, of the OPA. 2019 considered as the premier guide to Personnel 20 meeting a timely need for HRM education in IPM Sri Lanka was awarded the Charter Status 04 by the Parliament Act (Amended) No.31 of Management in Sri Lanka for many years. The first IPM Study Centre was commenced in Sri Lanka’s war-torn Northern Province. Kandy to offer FCHRM and CCHRM study 2018. programmes in collaboration with Central Province Women’s Chamber of Small 2015 A new centralised study centre with modern Purchased a property in extent of 40 perches, 19 Industries and Commerce, Kandy. state of the art facilities was setup at Colombo 76 2012 located almost adjacent to the IPM Building. 05. IPM is incorporated as a professional IPM received