Tue, 27 Jul 2021 Today's Paper

Independent director exodus from Richard Pieris group companies

1 September 2016 12:01 am - 0     - {{hitsCtrl.values.hits}}

A A A

An exodus of independent directors from two Richard Pieris group companies has taken place at an alarming rate this year, raising questions over their overall 
corporate governance.


So far this year, three independent directors from Richard Pieris and Company PLC (RICH) have resigned, while two independent directors from one of the group’s plantation companies, Maskeliya Plantations PLC (MASK), have also tendered their resignations.


The three Independent Directors who have resigned from RICH are Dr. Anura Ekanayake (with effect from July 11), Prof. Kapila Gunasekera (with effect from August 19) and Prof. Lakshman Watawala (with effect from 
August 24).

The only Independent Director remaining on the RICH board is Dr. Jayatissa de Costa, who was appointed in June.


The two MASK Independent Directors who have resigned are Dr. Dilanjan Soysa (with effect from May 9) and Mangala Boyagoda (with effect from August 23).


Dr. Saman Hettiarachchi is the only remaining Independent Director serving the company at the moment.

 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment


Site survey near Akasa Chaitya: Is it the end of Yala?

The Yala National Park has been at the receiving end of human disturbances fr

Basil Rajapaksa’s catch 22 situation

Sri Lankan politics has been a good deal of family business. It was not even

“This govt. printed Rs. 880 billions”

This is the roadmap of Zimbabwe

“We are on the cusp of a mothers-led movement for better birth rights in Sri Lanka” – Kanya D’Almeida

Writer Kanya D’Almeida became the first Sri Lankan to win the ‘Commonweal



See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.