Sri Lanka Consolidated Acts

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Institute of Management of Sri Lanka (Incorporation) Act (No. 67 of 1988) - Sect 3

General objects of the Corporation

3. The general objects for which the Corporation Is constituted are hereby declared to be
(a) to promote professional management among its members, by furthering, through its own activities and those of its member Institutions and Organizations, research, education, discussions, training and development, in fields of Management;
(b) to collaborate and liaise with, and to promote the interests, activities and function of, Institutions representing the various functional disciplines of Management;
(c) to assist in the formation and development of Institutions in fields of Management which are not represented in the country;
(d) to foster public interest in, and to increase public awareness of, the importance of effective Management for the development of Sri Lanka ;
(e) to broadbase and make representative, the policy-making and decision-making structures of the Corporation, by encouraging membership of bodies representing the various disciplines of Management;
(f) to establish a secretariat for the promotion of the objects of the Corporation and the conduct of its business and activities;
(g) to formulate a code of professional conduct for its members and to promote its observance by such members;
(h) to establish and promote representational links with Regional and International bodies connected with, the Management function;
(i) to undertake activities that will encourage fellowship and a sense of identity and community among the members of the Corporation ;
(j) to conduct courses and examinations in Management; and
(k) to take such other measures as may be necessary for the accomplishment of all or any of the objects of the Corporation.


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