CCC on NSB issue
The Ceylon Chamber of Commerce (CCC) notes with concern the recent
transaction of approximately 13% of The Finance Company PLC (TFC). The
Chamber believes that ensuring integrity and transparency are vital to
maintain investor confidence in the Colombo Stock Exchange (CSE) for the
capital market to remain robust.
Whilst appreciating the timely intervention by the officials in
recognizing the possible governance issues in the transaction and for
initiating measures to conduct an inquiry, the CCC urges policy makers
and regulators to ensure that the outcome of the inquiries results in
identifying any violations and that action be taken against any
wrongdoers.
The Ceylon Chamber strongly believes that there should be collective
efforts to ensure transparency and governance in order to enhance
investor confidence in the capital markets. |