Institute of Directors signs MoU with Institute of Chartered Corporate Secretaries

The Sri Lanka Institute of Directors (SLID) recently signed an MOU with the Institute of Chartered Corporate Secretaries of Sri Lanka (ICCSLK) with the primary objective of collaborating to provide a platform for board secretaries of companies in the private and public sector to interact with one another, share experiences, learn and build the key competencies required to perform their roles effectively.

The MOU will be followed by the launch of a Board Secretaries Forum under the aegis of SLID in partnership with ICCSLK. The Forum will be chaired by SLID member. Sitari Jayasundara who is also the Chief Legal and Compliance Officer/Board Secretary of HNB Assurance PLC. The Forum will host a number of initiatives and activity programs targeted at building world-class corporate secretaries in Sri Lanka.

SLID continues to stand firmly at the forefront of promoting good governance in companies across various industries and in providing ‘best in class’ board leadership training to practicing directors as well as aspiring directors in both the private and public sectors. 

SLID Chairman Rasakantha Rasiah stated: “This is another joint venture that SLID has embarked on not only to assist those who intend to get linked in this sphere of activity but also to those who desire to enhance the knowledge and skills of those who are already there. A series of joint seminars with ICCSLK as well as customised seminars to those in need of specialised training is planned. These of course will not be limited to Colombo and surrounding areas.”  SLID’s Senior Vice Chairman Faizal Salieh said: “The board secretary is an integral part of the board governance process.  In addition to enabling the roles and responsibilities of company directors, we’ve recognised the need to focus on the role and responsibilities of board secretaries and this Forum will work towards developing and aligning board secretaries to the increasing challenges faced by companies in today’s business environment.”

“We hope that the MOU will not only benefit the membership of both institutions but reach out to as many entities in the private and public sector that will contribute to the ease of doing business in Sri Lanka,” stated ICCSLK President Helen De Silva.  The Forum is expected to kick off in the first quarter of 2021.