The Sri Lanka Institute of Directors (SLID) is gearing up to host its first-ever International Director Conference on 29th October 2024 at the Oak Room, Cinnamon Grand Hotel, Colombo, from 9:00 a.m. to 5:00 p.m. Under the theme “The Courage to be Bold”, the conference is designed to inspire business leaders to embrace confidence and
Senior Professor Hareendra Dissabandara has been appointed as the new Chairman of the Securities and Exchange Commission (SEC) of Sri Lanka. Dissabandara has a rich background in the financial sector, having previously served as the SEC’s Director General from 2012 to 2013. He also held the position of Director of the Financial Services Academy and
HNB Assurance PLC (HNBA) has announced the appointment of Prof. Ananda Jayawardane as a non-executive/non-independent Director, effective August 9. Prof. Jayawardane is a Senior Professor in Civil Engineering at the University of Moratuwa and serves as a Commission Member of the University Grants Commission. He has held governing roles in various public and private sector
Jetwing Symphony PLC has announced the addition of Devaka Cooray and Hiran Cabraal to its Board as Non-Executive Independent Directors. Devaka Cooray, a seasoned finance professional, is a Fellow Member of the Institute of Chartered Accountants of Sri Lanka and the Chartered Institute of Management Accountants of the UK. He currently serves as Chairman of
Fitch Ratings has affirmed the ‘BBB(lka)’ insurer rating for Sri Lanka’s National Insurance Trust Fund (NITF), maintaining a stable outlook but cautioning about the Fund’s difficulty in securing timely reinsurance cover. NITF’s major revenue source is from riots, civil commotion, and terrorism (SRCCT) premiums, with claims remaining low. Key points from Fitch’s assessment include: