The ‘Corporate Governance Awareness Session’ organised by the Finance Houses Association of Sri Lanka (FHA), was held at the Siyapatha Tower recently.
Held in collaboration with the Central Bank of Sri Lanka (CBSL), the main objective of this event was to enhance the understanding of the Finance Business Act Direction No. 05 of 2021, specifically focusing on Corporate Governance.
The Chairman of FHA’s Compliance Forum, Ramesh Fonseka played a pivotal role in orchestrating this event. The collaboration involved participation from officials representing the Department of Supervision of Non-Bank Financial Institutions (DSNBFI) of CBSL and Compliance Officers and Company Secretaries from Licensed Finance Companies (LFCs).
Over 100 people including Compliance Officers, Company Secretaries, and other compliance staff representing the LFC sector. The Director of the Department of Supervision of NBFIs, Mrs. R.M.C.H.K. Jayasinghe was also present along with officials of CBSL.
Chairman of FHA, Ananda Seneviratne warmly welcomed all participants. Mrs. R.M.C.H.K. Jayasinghe opened the proceedings by underscoring the importance of Corporate Governance in LFCs following which the Senior Assistant Director, Ms. Shamini Abeysirigunawardana delivered a presentation focusing on the details of FBAD No. 05 of 2021. Subsequently, a panel discussion featuring Ms. Anurudha Premamali and Shan Kurincheedaran took place, further exploring the subject matter.
Initially introduced by CBSL, raising awareness of Corporate Governance was an endeavour aimed at fostering an ethical and transparent culture across all Finance Companies.
