Wide acceptance for the new Companies Act
Greater accountability demanded of Governing
Boards; shareholders' rights strengthened :
A new Companies Act shortly to come into force
constitutes a bold reformation of the country's present Companies
Act. The new Companies Act specifies the demanding responsibilities
and proportionate accountability imposed on Directors in the
governance of their companies.
Corporates in crude palm oil venture
A joint venture crude palm oil mill set up by
Agalawatte Plantations Ltd. Elpitiya Plantations Ltd, and Namunukula
Plantations Ltd., under AEN Palm Oil Processing (Pvt) Ltd. commenced
commercial production recently.
Blueprint for Chillies 2007 to be upgraded
The Chillies 2007 Steering Committee met with
Advertising Agency Heads at the Colombo Swimming Club, last week.
The Steering Committee and nineteen Agency Heads and their nominees
discussed proposed amendments to the Blueprint of the Sri Lanka