Mass resignations from Lanka Hospitals director board

A significant change appears to have taken place in the boardroom of the state-controlled Lanka Hospitals Corporation PLC (LHCL).
LHCL yesterday disclosed to the Colombo Stock Exchange that all of its local independent non-executive directors, except for two, had resigned with effect from May 9, 2017.
Public Enterprise Development Ministry Coordinating Secretary Thanuja Weeratne, along with Thiniyawala Palitha Thera, were the only two local directors to not to resign during the Vesak week.
A source close to the matter said that the Public Enterprise Development Ministry had sent letters asking for the resignation of the directors.

The government controls LHCL through a majority share ownership via Sri Lanka Insurance Corporation (SLIC).
Changes had also taken place at the top level of SLIC as well, with new Co-Managing Director Aruna Siriwardena replacing Keith Damien Bernard.
The source said that Siriwardena has replaced his predecessor as a Director at LHCL as well, while four of the Directors who stepped down—Asendra Siriwardena, Dr. Anil Abeywickrama, Umashanthiee Rajamantri and Professor Dilani Lokuhetty—have been reappointed to the LHCL board.
It is not yet clear whether Directors Nandana Munasinghe and Dr. Rohan Wijesundera, who also resigned as per the ministry directive, have been reappointed.
The latest changes have not yet been disclosed to the Colombo Stock Exchange.