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Overview

Prof. Lakshman R Watawala
FCMA, FCA, FCMA (UK)
President, CMA Sri Lanka

The 2nd CMA Global Management Accounting Summit has chosen the an appropriate theme 'CMA for Sustainable Business'

Professional Accountants in Business (PAIB) of IFAC states the following in its sustainability framework which includes business strategy:

The recognition governments and many organizations have given to sustainability and sustainable developments are changing business culture and society. The global challenge is to ensure that organizations' sustainable development practices (a) reverse the previous erosion of natural resources, and (b) improve their environmental, social, and economic performance. This requires radical changes in the way we do business and the way we live our lives. Although many organizations aspire to being responsible, few could claim to be truly sustainable.

Sustainable business is enterprise that has no negative impact on the global or local environment, community, society or economy - a business that thrives to meet the triple bottom line. Sustainable business have progressive environmental and human rights policies.

Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs.

The Summit would have an official inauguration, 8 Sessions on Governance, Sustainability, Risk Management, CSR & Environment, Panel discussions with Presidents of Member Bodies and Business Leaders on Strategy and Sustainable Business, Contemporary Financial Management and sustainability issues in business and a Valedictory Session.

Leading speakers both overseas and local have been invited to address the Summit. Foreign speakers will be from USA, Canada, UK, Australia, Singapore, India, Bangladesh, Pakistan and Nepal.

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