Home / Front Page/ Exodus of Independent Directors from Richard Pieris Board

Exodus of Independent Directors from Richard Pieris Board


Comments / {{hitsCtrl.values.hits}} Views / Thursday, 25 August 2016 00:10

Facebook

Untitled-1

 

Richard Pieris and Company Plc has seen an exodus of Independent Non-Executive Directors. 

The Daily FT understands that longstanding Independent Non-Executive Director Prof. Lakshman R. Watawala resigned yesterday. This came in the wake of another Independent Non-Executive Director, Prof. Kapila Goonasekera, resigning last week. In July, Dr. Anura Ekanayake, who also functioned as an Independent Non-Executive Director, resigned. 

All three served on the Audit Committee, Related Party Transactions Review Committee and Nominations Committee while two of them served on the Remuneration Committee.

Prior to the two recent resignations, the RPC announced the appointment of career banker Prasanna Fernando as a Non-Executive Director.

Following the exits, the remaining Directors on the RPC Board are Dr. Sena Yaddehige (Chairman), his son Shaminda Yaddehige (Executive Director and Chief Operating Officer), Paul Ratnayeke, Sunil Liyanage and V. Perera while H.J. De Costa is the only remaining Independent Non-Executive Director.


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Smaller electoral units needed to serve the people better

Tuesday, 21 May 2019

This article is the third in a series of articles on delimitation. Following on the second article, ‘Implementing key principles in the delimitation of electoral boundaries in Sri Lanka’ (Sunday Island and Sunday Times of 9 December 2018 and


Developing a Politi-Compass – A challenge to political scientists and media moguls

Tuesday, 21 May 2019

Democracy Democracy is a double-edged sword. If one wields it too aggressively, it will inflict self-injuries. Democratic freedom is not akin to the freedom enjoyed by a wild donkey. One can exercise own human rights to the extent that the behaviour


EFL charting course towards sustainable logistics industry with voluntary ISO 14064 Certification

Tuesday, 21 May 2019

Recommitting itself to effective climate action in accordance with United Nations Sustainable Development Goals (UNSDG), leading global logistics service provider Expolanka Freight Ltd. (EFL) announced that it secured ISO 14064 Certification on Green


Logistics is not… transportation

Tuesday, 21 May 2019

Google it. Go for a lecture or attend a seminar, mostly one will notice the first picture that appears or explains logistics would be a ship, an airplane, truck or railway connecting two places via transport networks. Ask a managing director what log


Columnists More