Dissent forces fresh EGM at Colombo Stock Exchange

Dissent over re-election of a member of the Board recently has forced a fresh Extraordinary General Meeting at the Colombo Stock Exchange (CSE).

At the AGM of the CSE held recently, two long-serving Board Members came up for re-election by rotation. One was former CSE Chairman Ray Abeywardena and the other was veteran broker Murtaza Jafferjee. 

Whilst Ray was re-elected unanimously, the CSE members had called for a vote on Murtaza. The poll result was 8 votes against and 2 for. Two votes were rejected for having the wrong proxy whilst few abstained or were absent at the AGM.

The CSE Board includes five elected Directors and the existing four are Chairman Dumith Fernando, Ray Abeywardena, Dimuthu Abeyesekera and Dilshan Wirasekara. 

With the CSE deciding to go for a fresh vote instead of making a casual vacancy, an EGM will be called in due course. 

The appointed Directors of the CSE Board are C.J.P. Siriwardena, Arjuna Herath, Jayantha Fernando and Suren De Silva.