Strategic PlanningNIU-LAHES

Executive Diploma on Leadership

Janaka Karunaratne. M.com,PGDip,B.Sc,FCMA(UK), ACMA(SL),CGMA

Director

Department of Supervision of Non Bank Financial Institutions

Central Bank of Sri Lanka

10 July 2014

Personal Vision Statement

To be a transformational leader who can drive the CBSL to achieve its vision while reaching the next highest management position.

Environmental Scan

Internal Strengths• Strong leadership, Commitment and Dedication• Regulatory authority/powers/independence• Team work• Ability to lead and convince• Self protection• Ability to approach management

Environmental Scan

Internal Weaknesses• Skill gaps and inadequate staff• Lack of motivation in the absence of

performance based reward scheme.• Structural weaknesses

External Benefits• Enhanced reputation and public confidence • Systemic stability and enhanced depositor

protection• International recognition• Good governance culture/change in attitudes

Environmental Scan

External Dangers• Legislative challenges• Negative response/behaviour• External pressures from different stakeholders• Challenge on holding positions

Obstacles

Resistance from stakeholdersLegal/ regulatory barriers including time

managementLack of skillsTrade off between leisure and workWeaknesses in authority structureLack of performance based reward

schemes

Strategic Solutions

Build up stakeholder confidence through awareness programmes , discussions and meetings

Amendments to existing legislationArrange skill development and training

programmesImplement performance based reward

schemesArrange recreation and leisure

activities

Execution

Amendments to existing legislation/Time Plan• Review and identification of required changes

to legislation internally( 0-3 months )• Discussions with stakeholders and obtain views

(0-3 months)• Preparation of draft legislation and obtain

internal management/board approval( 3-9 months)

• Obtain approval from legislative authority for the legislation (9 – 18 months )

• Implementation

Thank You