ICA felicitates Cabraal

FELICITATION: The Institute of Chartered Accounts will felicitate its past President Ajith Nivard Cabraal who assumed duties as the Governor of the Central Bank recently. Cabraal is the first Chartered Accountant to hold this position.

He had his training at KPMG Ford Rhodes Thornton and Company, a leading firm of Chartered Accountants. As an accountancy student he took an active interest in student welfare and was elected the President of the Students Society of the Institute.

He was admitted to Membership of the Institute after the successful completion of his examinations in 1977. He took an active interest in the activities of the institute and was elected a Member of the Council of the Institute in 1988.

As a Member of the Council he played a proactive role in the work of the committees and functioned as the Chairman of the Conference Committee and the Finance and Administration Committee which streamlined the administration of the institute and embarked on a programme of staff development. He was elected Vice President of the institute in 1990 and the President in 1992.

Cabraal was the Founder Chairman of the Corporate Governance Committee of the Institute which developed the Code of Practice on Corporate Governance in Sri Lanka. He was also the President of the Business Recovery and Insolvency Practitioners' Association of Sri Lanka.