Oxford College of Business announced that its annual report 2016/17 was awarded Bronze in the Small and Medium Sized Entities Category at the 53rd Annual Report Awards competition conducted by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) at a glittering event that took place at Sirimavo Bandaranaike Hall, BMICH on the 5th of December 2017.
Held since 1964, the CA Annual Reports competition is considered a platform which encourages excellence in the presentations of information covering transparency, social accountability, and good governance among diverse Sri Lankan business entities in the field of financial reporting. This competition is considered the most prestigious accolade for annual reporting in the country and has helped enhance the standards in financial reporting in line with global standards.
Performance by Oxford College of Business is the result of a strategic vision which leverages on the valuable synergies of the company’s continued dominance as the leader in the higher education sector of Sri Lanka. The company has charted an ambitious blueprint for growth, buoyed by the optimistic outlook of the sector it operated in as a whole and also inspired by the key performance indicators of a fast-paced Sri Lankan economy.
Oxford College of Business’s achievement of winning a bronze award in the Small and Medium sized Entities stands testament to Oxford College of Business’s longstanding corporate commitment to transparency and accountability to all its stakeholders. Oxford College of Business is the only private higher education provider in Sri Lankan to have been recognized at this award and what makes the award even more special is the recognition of its commitment to financial transparency, even though Oxford College of Business it is not a listed company.
Over the years OCB’s Integrated Annual Report has consistently received commendation from experts for conveying complex value creation story in a compellingly readable, clear, and concise presentation. Oxford College of Business’s annual report for 2016/17 was presented under the theme ‘What I Want. Now.’, referring to using an integrated approach to education whilst shaping young people to be work-ready and industry fit.
The Director/CEO of Oxford College of Business Malindu Ranasinghe said, “We are humbled by this consistency in our performance and give all Glory and Honour to Christ alone for this great achievement. We thank CA Sri Lanka and the organizing committee for presenting us the opportunity to get recognized for our genuine efforts to publish an annual report of world class quality and simplicity. We are driven solely by the desire to create better value for stakeholders by improving our social, economic and environmental performance. Organizations need to, incorporate vision, swiftness, strength and power to progress ahead and the Annual Report Awards competition has given Oxford College of Business this important edge to help us as an organization progress and strengthen our position despite the many challenges and complexities faced in the current context. This award goes to show the attention to detail Oxford College of Business puts in when it comes to financial reporting. We also see this award as a means of assuring all our stake holders of the trust they place in us.”
Furthermore, Oxford College of Business was recently listed as one of the top 25 Great Places To Work For in Sri Lanka by Great Place To Work for the fourth consecutive year and bagged the silver award in Small Sized Enterprise which was organized by Great Place to Work Institute together with Ceylon Chamber of Commerce and LMD Magazine. Oxford College of Business also won the Bronze award for Best Education and Professional Services Website 2017. Oxford College of Business emerged victorious, winning the Merit Award – Service (National Level) in the Small Category at the 2017 CNCI Achiever Industrial Excellence Awards organized by the Ceylon National Chamber of Industries. Whilst OCB’s flagship CSR initiative “Out of Darkness” was named as one of the best projects in Asia under the Social Empowerment Category at the Asia Responsible Entrepreneurship Awards (AREA) 2016. Oxford College of Business has certainly revolutionized the higher education industry in this country with its unique style of teaching and dedication towards quality education.
Today Oxford College of Business is the only education provider in the country to hold the triple international certification of ISO 9001, ISO 14001 and OSHAS 18001 which shows the Business School’s commitment and dedication to quality education delivered in an environment conducive for an optimum learning experience. At Oxford College of Business education is delivered with a view of students consistently absorbing new knowledge using the most up to date teaching techniques, enabling respective students to create value at every level of any business.