The National Chamber of Commerce of Sri Lanka (NCCSL) and the British Institute of Management and Technology (BIMT Campus) have signed a Memorandum of Understanding (MOU) aimed at strengthening corporate leadership and fostering sustainable economic growth.

This collaboration underscores a shared commitment to empowering corporate leaders through the newly launched Management Skills Development Programme, designed to cultivate the expertise needed to navigate today’s complex business landscape.

The programme, accredited by the Chartered Management Institute (CMI) UK, provides participants with internationally recognised qualifications and offers pathways to becoming a Chartered Manager—a prestigious designation that signifies the highest level of professional achievement in management.

A recent insight report reveals that 52% of Fortune 500 companies from the year 2000 had disappeared by 2020, largely due to a lack of skilled leadership capable of addressing challenges and making decisive strategic decisions.

“This MOU marks a significant milestone in our efforts to empower corporate leaders,” said Mr. Anura Warnakulasooriya, President of the National Chamber of Commerce. “Through the Management Skills Development Programme, we are investing not only in individual career growth but also in the long-term economic prosperity of our nation by enhancing leadership capabilities.”

Mr. Farshath Jamal, CEO of BIMT Campus, echoed this sentiment, stating, “We are excited about the opportunities this collaboration brings. By combining our expertise and resources with the NCCSL, we are confident that we can nurture impactful leaders who will contribute significantly to the nation’s sustainable development.”

This initiative encourages employees, entrepreneurs, and aspiring corporate leaders to participate in the Management Skills Development Programme, equipping themselves with the necessary tools to excel in today’s rapidly evolving business environment and contribute to a stronger, more resilient economy.