Deploying the power of excellence in corporate governance to raise funds and ensure sustained profitability, Colombo Land & Development Company (CLDC) has managed to successfully complete a number of high-end real estate developments in Sri Lanka that helped transform the Colombo skyline.
CLDC has been recognised as a pioneer in corporate governance, adopting best practices and maintaining the highest global standards of transparency and accountability in order to ensure continued investor confidence. The approach has allowed the company to obtain a listing on the Colombo Stock Exchange and consistently outperform its peers. CLDC has tirelessly promoted the importance of solid corporate governance as a driver of economic progress. Moreover, the company consistently aims to take the interests of all stakeholders into account – including those of the surrounding communities.
Raising institutional integrity has enabled CLDC to keep and expand its leading edge as a developer of premier properties. Building on the success of its Liberty Plaza extension and renovation project, the company is now laying the groundwork of Liberty Towers and Retail Mall which is set to become a Colombo landmark and fully exploits the synergies available in a mixed commercial-residential setting.
The CFI.co judging panel is keen to promote and recognise excellence in corporate governance. The judges strongly believe that governance is key to unlocking shareholder value and securing the long-term growth that benefits all stakeholders. The judging panel is both pleased and honoured to declare Colombo Land & Development Company winner of the 2018 Best Real Estate Corporate Governance Sri Lanka Award.