Dec 08, Colombo: The Colombo Stock Exchange (CSE) and the University of Kelaniya, Sri Lanka (UOK) jointly announce the signing of a Memorandum of Understanding (MoU) to formalize their collaborative efforts.
The MoU calls for cooperation on promoting capital market education among undergraduates by working together on a number of mutually beneficial strategic initiatives.
The initiatives, along with a special focus on Corporate Social Responsibility (CSR) of CSE, include introducing the "Colombo Stock Exchange Gold Medal Award" for the graduate having the highest marks for the capital market related subjects in the B.B. Mgt. Honors in Finance program and the Most Outstanding Dissertation for the Bachelor of Business Management Honors in Accountancy degree program at the annual general convocation of UOK.
The MoU also aims to develop a partnership with the annual "Investment Week" organized by the Finance Students Association of the Department of Finance at UOK, provide internship opportunities for undergraduates, and encourage capital market education at UOK with the Diploma in Capital Markets (DCM) conducted by the CSE.
The parties will further collaborate in capital market research with a focus on expertise knowledge in capital markets, capital market data, and strengthening investors at the CSE.
Commenting on the partnership, the CEO of CSE, Rajeeva Bandaranaike, stated, "It is crucial to promote financial literacy among Sri Lankans, especially among undergraduates, who are a key segment of the population equipped to contribute to an economically stable future. Fronted on this objective, we are glad to be partnering with UOK in a productive line of initiatives to promote a financially literate undergraduate population."
Dr. Narada Fernando, Dean, Faculty of Commerce and Management Studies said: “We are pleased to sign these MoUs with Colombo Stock Exchange as we believe this collaboration with CSE will create a platform for our undergraduates to enhance their research skills and knowledge to develop their career in Sri Lankan capital market.”