CIMA suspension no impact to services

"Business will continue as usual and there will be no impact on the service that stakeholders receive,' said President of CIMA, Glynn Lowth, subsequent to CIMA suspending its Sri Lanka Divisional Council.

The decision was taken on Friday to suspend the Sri Lanka Divisional Council with immediate effect. This was decided collectively by the CIMA Council, the Institute's governing body, after considering the recommendation of an independent review.

"Members, students and employers will be unaffected by this decision. We will continue to build and maintain the reputation of our internationally recognised qualification in Sri Lanka for the benefits it provides to those who chose to take the qualification," President of CIMA, Lowth, commented.

A consultative body of at least three members in Sri Lanka is to be appointed by the President and other Honorary Officers of CIMA to advise on the affairs of the Sri Lanka Division during the suspension period.

"CIMA's commitment to its Division in Sri Lanka remains as strong as ever. However the well-established success of CIMA in Sri Lanka has been put at risk due to some failures of governance within the Sri Lanka Divisional Council and by a lack of adherence to CIMA's global strategic goals and rules," he added.