SLID plays major role
The Sri Lanka Institute of Directors (SLID) recently conducted the
second of the six module series of their training program on Corporate
Stewardship and Board Room Governance.
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Participants at Module two of the Corporate stewardship and
board room governance training program. |
The Challenger/Provocateur of the program was Chartered Accountant
and International Management Consultant Ranel Wijesingha, who has a
unique balance of exposure to both industry and public practice in
auditing as well as consulting, both locally and overseas. He challenged
the well established and recognized, experienced panel of professionals
and industry specialists with wide exposure, who SLID had carefully
selected.
They were, Ceylon Tobacco Company former Legal Director Vijaya
Malalasekera, Nestles former CFO and currently Nations Trust Bank and
Ceylon Cold Stores Independent Director R. Rasiah, Ernst and Young,
Managing Partner, Asite Talwatte, Lion Brewery, CEO, Suresh Shah, Aitken
Spence Chief Financial Officer, Nilanthi Sivapragasam and Ernst and
Young, Senior Partner Lakmali Nanayakkara.
The challenger began by setting the stage with the following opening
statements. "Governance is not enhanced by the appointment of
independent directors alone, or by increasing their numbers or by the
appointment of multi disciplinary boards of directors or due to the
longevity of the Company in an industry. In lighter vein he said. "Grey
matter is not synonymous with grey hair and that wisdom was not the
privilege of age."
A wide range of other issues were discussed with a healthy
interaction from the audience.
This was a useful session conducted by SLID and generated several
learning outcomes for all who were present.
The third module in this series of trainings on Corporate Stewardship
and Board Room Governance deals with "Focusing on key areas reserved for
the board." This session will be lead by Hemas Holdings Chairman, Lalith
de Mel on March 18 at the Cinnamon Grand. |
