Corporate Governance Awareness Session hosted by Finance Houses Association

The ‘Corporate Governance Awareness Session’ organized by the Finance Houses Association of Sri Lanka (FHA), the apex body of all registered Finance Ccompanies, was held at the Siyapatha Tower in Colombo recently. Held in collaboration with the Central Bank of Sri Lanka (CBL), the main objective of this event was to enhance the understanding of the Finance Business Act Direction No. 05 of 2021, specifically focusing on Corporate Governance, the association said in a media release.

Chairman of FHA's Compliance Forum, Ramesh Fonseka played a pivotal role in organising this significant event. The collaboration involved participation from officials representing the Department of Supervision of Non-Bank Financial Institutions (DSNBFI) of CB and Compliance Officers and Company Secretaries from Licensed Finance Companies (LFCs).

The hybrid event saw the participation of over 100 attendees, including Compliance Officers, Company Secretaries, and other compliance staff representing the LFC sector. The Director of the Department of Supervision of NBFIs, Ms. R.M.C.H.K. Jayasinghe was also present along with other officials from CB. Chairman of FHA, Ananda Seneviratne warmly welcomed all participants expressing his gratitude to the attendees, while also providing a concise overview of the event.
 

Ms. R.M.C.H.K. Jayasinghe initiated the proceedings by underscoring the importance of Corporate Governance in LFCs following which the Senior Assistant Director Ms. Shamini Abeysirigunawardana delivered a presentation focusing on the details of FBAD No. 05 of 2021. Subsequently, a panel discussion featuring Anurudha Premamali and Shan Kurincheedaran took place, further exploring the subject matter.