Wed, 07 Dec 2022 Today's Paper

Resignations from Richard Pieris board continues

6 March 2017 10:05 am - 0     - {{hitsCtrl.values.hits}}

A A A

The resignation of Paul Ratnayeke, a longstanding board member of diversified Richard Pieris & Company PLC (RICH) has raised many eyebrows as the company saw the resignation of three non executive independent directors from its board last year.
In stock exchange filing, the company last week announced the resignation of Ratnayeke with effect from February 28, 2016.
Previously, non executive independent directors Dr. Anura Ekanayake resigned from the board on July 11, 2016, who was followed by Prof. Kapila Goonasekera on August 19, 2016. Longstanding director Prof. Lakshman Watawala also resigned from the board on August 24, 2016.
All three directors served on the audit committee, related party transactions review committee and nominations committee while two of them served on the remuneration committee.

Dr. Sena Yaddehige, the majority shareholder of the RICH is the Chairman/CEO/MD of the company while his son Shaminda Yaddehige functions as executive director/Chief Operating Officer. 
The other directors who are presently in the board are: Viville Perera, Sunil Liyanage, Jagath Korale (independent director), Prsanna Fernando (independent director) and Jayatissa De Costa (independent non-executive director).
Meanwhile, Fitch Ratings last week affirmed RICH’s national long-term rating at ‘A(lka)’ with a Stable outlook. Fitch also affirmed the national ratings on RICH’s outstanding senior unsecured debentures at ‘A(lka)’.

 

 


Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

  Comments - 0

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop 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




Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

Economy Decoded! Let’s talk about tax!

We explain the proposed new tax reforms in Sri Lanka and what it means

She said/He said

Much has been written and said in the last few days since the news was releas

POLICE ON TRIAL: Exercising Authority without Accountability

Although armed with the power of the State and empowered to use force against

Downfall and death of LTTE’s Mahathaya

The Liberation Tigers of Tamil Eelam (LTTE) ceased to exist as a functioning