Despite a news item that went out from the President's office on Wednesday (17) to the effect that the President had dissolved the Boards of the Bank of Ceylon, Peoples Bank and the Sri Lanka Board of Investment, as of last night none of the heads of these institutions had resigned from their posts, it was reported.
Unofficial sources revealed that the Chairmen and Directors of these institutions had taken a decision not to resign from their posts as ordered.
The Bank of Ceylon and Peoples Bank are entities that come under State Enterprises and Kandy Town Development Minister Lakshman Kiriella while the Board of Investment comes under Strategic Development and International Trade Minister Malik Samarawickrama. The Chairmen and Directors of these institutions had been appointed by the subject ministers and no intimation had been received from them by these officials even as late as yesterday evening telling them to resign from their posts.
Meanwhile, Secretary to the Ministry of State Enterprises and Kandy Town Development Ravindra Hewavitharana yesterday said that the President had given instructions to Minister Lakshman Kiriella to reconstitute the boards of the Bank of Ceylon and Peoples Bank as their tenure had ended.
He states further that with the concurrence of the President and the Prime Minister steps in this regard would be taken in the near future and until the changes are affected the present Boards would continue management activities without any interruption.
The Secretary to the Treasury has the power to appoint and remove the heads of the Peoples Bank and the Bank of Ceylon. (Ranjan Kasthuri)
Saranga Friday, 19 October 2018 08:29
What these two(MS and RW? don't know is they are playing with already fragile economy- Specially MS has no clue of economy and wonder who advise him on economic matters specially things like restricting imports and price ceiling etc..
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Sach Friday, 19 October 2018 17:33
Economy is destroyed. But it is RW who is responsible
Reply : 14 18
Wiseman Friday, 19 October 2018 20:55
What are you talking about. The rogues are roaming the corridors of the national institutions. Who are these untouchable board members. What do you know about the impact of importing every peace of sh.t from other countries to satisfy the unceasing appetite of the have's.
Reply : 1 11
joshua Friday, 19 October 2018 08:35
That's great news. Until an investigation is done and these heads are found to be wrong, there is no reason to change them or remove them. How can a entity run efficiently if every other month the heads keep changing? You ask the private sector, they will tell you how to run an organization.
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Lord Wolfstein Friday, 19 October 2018 09:17
I can tell you how the private sector reacts. If one of my employees cheats on me, no matter how high his position is, he will be fired immediately, regardless of whether I report him to the police or not.
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Niro Friday, 19 October 2018 18:38
Remember even the private sector is governed by the labour laws of the land. You are suppose to conduct an impartial inquiry to justify your firing. Also, the punishment has to justify the crime. It not, not only you will have to reinstate but will have to pay compensation as well.
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Lord Wolfstein Saturday, 20 October 2018 10:43
Dear Niro. That's theoretically correct. But in practice, there is always a reason to fire someone to get rid of.
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Rohantha Friday, 19 October 2018 08:37
It is showdown time. Let's see who blinks first. My guess is it will be the president
Reply : 1 47
Tom Friday, 19 October 2018 08:38
President playing a 'good boy' game as its closer to elections now! Shameful act by him. Was he sleeping all this time?
Reply : 3 58
ajay Friday, 19 October 2018 08:44
anawer to saranga would be late rev sobitha?
Reply : 4 5
RR Friday, 19 October 2018 08:53
Oh My My.. What are i doing My3
Reply : 0 23
rohan Friday, 19 October 2018 09:22
My3 can we know the reason for them to resign? Did you find any irregularities? If so, pls let the general public know..Sorry to say you need to work with PM and the ministers. If you cant, then either you sack them or you leave. Don't take the entire country to ransom. You have done enough harm to the country in the last 3 years. Sorry to say you are now trying to see if you can be President for another term by joining hand with MR. MY3 MR is not stupid....
Reply : 1 41
Wise Donkey Friday, 19 October 2018 09:29
When you do things in desperation always it goes wrong and this is one of them. Let's see the tug-a-war!
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siriwardana Friday, 19 October 2018 09:51
Now the head of government is a real joker. We can see many very good dramas in future.
Reply : 1 33
Dee Friday, 19 October 2018 09:57
Yet another blow to the JOkers. This morning their social media arm is silent.
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Lasantha de Silva Friday, 19 October 2018 10:10
At least now the learned people of this country should not take political appointments if this is the way they are treated.Please refrain from accepting these temporary offers because at the end of the day you go home in shame.
Reply : 1 27
intiquab Friday, 19 October 2018 14:42
He can appoint his daughter and son inlaw for the replacement.
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Lilantha Friday, 19 October 2018 15:11
President should be impeached asap. He should remember he was appointed by the unp and not by him self . He needs to follow the proper procedure in taking decisions . This's not the first time he has acted foolishly .
Reply : 5 13
Buddhist Friday, 19 October 2018 17:34
President is acting like a monkey which has got its tail caught in a split log. Unfortunately he is lead through a garden path to a ditch by his adviser Lakthilaka. When is the President going to understand this situation.
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Dhammika Friday, 19 October 2018 19:15
RESIGN with RESPECT . Your tenture has expired and thats why resignation is a must as no extension has been granted . DONT BEHAVE LIKE RW . LIve with DIGNITY and resign with RESPECT PLEASE .
Reply : 2 10
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