Corporate Governance Trends: Insights from Sri Lanka

On October 16, 2017, the Alliance hosted a discussion with Mr. Rajeeva Bandaranaike, the CEO of the Colombo Stock Exchange, on corporate governance issues in Sri Lanka. As the Exchange’s listing rules play a crucial role in shaping corporate governance practices, the event presented an opportunity for investors to understand and address challenges to promoting good governance and operational transparency. The occasion also allowed for dialogue between investors and the leadership of the Exchange on other relevant questions, such as the impact of IMF-mandated SOE reforms on broader governance practices and strategies for advancing the rights of minority shareholders in Sri Lankan markets.

Participants: 

Rajeeva Bandaranaike, Colombo Stock Exchange
Niroshan Wijesundere, Colombo Stock Exchange
Anthony Sassine, VanEck
Melanie Paty, Principles for Responsible Investment
Bruno Bastit, Quetzal Strategy
Jacque Safra, Safra National Bank