- To recognize and reward those organizations that have excelled in all-round performance
- To recognize and reward enterprises that have excelled in each of the excellent criteria such as Corporate Governance, Capacity Building, Performance Management, Global and Local Market Reach, Corporate Social Responsibility & Environmental Sustainability, and Business and Financial Results
- To encourage Sri Lankan organizations to emulate those excellent organizations
- To position Sri Lanka as a country with excellently managed organizations and thereby making it attractive for joint ventures, investments, and as a source for products and services
