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Listed companies name Senior Independent Directors to their boards

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Where chairmen are also CEOs

Many of the country’s top business conglomerates where the chairman was also the chief executive officer (CEO) have announced the appointment of Senior Independent Directors to conform to a new rule of the Colombo Stock Exchange that is now effective.

This includes Distilleries Company of Sri Lanka PLC and Aitken Spence PLC where business tycoon Harry Jayawardena has given up executive responsibilities but remains chairman in a non-executive capacity.

At John Keells Holdings PLC, Mr. Krishan Balendra will remain Chairman/CEO while Mr. Nihal Fonseka as been named as Senior Independent Director.

“It is the view of the Board, and our experience has proven that the JKH Board composition of a majority of Non-Executive Independent Directors, coupled with the role of the Senior Independent Director, and other supporting Board dynamics have enabled the Chairperson-CEO to effectively balance the dual role as the Chairperson of the Board and the CEO of the Company, particularly given the diversified conglomerate structure of the John Keells Group. We wish to affirm that the Company will continuously strive to develop its governance frame,” JKH said in a Stock Exchange filing.

The Hayleys Group has made similar arrangements with regard to several of its companies with Mr. Mohan Pandithage remaining chairman and CEO of group companies where Senior Independent Directors have been named. Dr. Harsha Cabraal will remain Senior Independent Director of Hayleys PLC, the holding company. Other Hayleys companies too have filled these positions.

At LOLC where Mr. Ishara Nanayakkara has been the deputy chairman in an executive capacity and the position of chairman has not been filled since the passing of his father, Mr. Rajah Nanayakkara, he will continue in this role. Mr. Dharmasiri Peiris has been named Senior Independent Director.

Severl other listed companies have made similar arrangements communicated to the CSE through stock exchange filings.



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Heat index is likely to increase up to ‘Caution level’ at some places in Eastern and North-central provinces and Monaragala, Hambantota, Vavuniya, Mullaitivu and Kilinochchi districts.

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Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre of the Department of Meteorology At 3.30 p.m. 30 April 2025, valid for 01 May 2025

The general public are warned that the Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in Eastern and North-central provinces and Monaragala, Hambantota, Vavuniya, Mullaitivu and Kilinochchi districts.

The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.

Effect of the heat index on human body is mentioned in the above table and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.

ACTION REQUIRED

Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.
Dress: Wear lightweight and white or light-colored clothing.

Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry  of Health in this regard as well. For further clarifications please contact 011-7446491.

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Major May Day rallies in Colombo and Talawakelle

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NPP, SJB and SLPP won’t have parades

The ruling party National People’s Power (NPP) will celebrate May Day at Galle Face Green in Colombo. However, the NPP wouldn’t have a parade, party sources said.

The Wickremesinghe-Rajapaksa government in 2023 made Galle Face Green off limits for political rallies. But the incumbent government lifted the restrictions in November 2024.

The main Opposition Samagi Jana Balawegaya (SJB) will have its May Day rally at Talawakelle town. The meeting is scheduled to begin at 2 pm with the participation of SJB’s coalition partners, including Digambaram, Mano Ganesan.

The SLPP, too, decided against having a parade this time though it will hold a rally at the Ananda Samarakoon Open Air Theatre in Nugegoda.

The SLFP will hold its May Day event at its headquarters on Darley Road.

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Navy cleans up Kandy Lake

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The Navy on April 28 carried out post-event maintenance efforts at Kandy Lake, following the Siri Dalada Vandanawa.

The collaborative efforts of the officials from the Clean Sri Lanka Secretariat, the Department of Irrigation, the Department of Archaeology and the Navy ensured the preservation of the lake’s natural beauty.

(Pic courtesy Navy media)

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