An attempt to appoint powerful businessman, Harry Jayawardene, his wife and their two daughters to the board of a Stassens-related company was stalled on Tuesday at an Extra Ordinary General Meeting of the company, according to company sources.
The company concerned is CBD Exports (a holding company in which a large shareholding of HNB comes under) and the resolution to include Jayawardene and family was proposed by Stanley Perera, a shareholder.
Raj Obeyesekere, a director and CBD Chairman Zaki Alif were present at the meeting. “Prior to the agenda being taken up, a proxy holder for one of the shareholders raised an order on the basis that the proposed names do not meet the criteria to be appointed as directors as the Articles of the company does not qualify them to be directors,” one source said.
The source said the Articles say that a director has to hold 10 shares of CBD to become one of its directors.
“Then Mr. Jayawardene (present at the meeting) said the Articles he is in possession do not have such provisions. But it was noted that the Articles registered in the company registry have them,” he added.
Jayawardene and his co-directors (Obeysekere and Alif) along with the late V.P. Vittachi, have been clashing over the past few years and gone to court on many occasions relating to these companies.
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