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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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New Court of Appeal Judge Sajeewani Dilka Lakmali Sworn In

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Ms Sajeewani Dilka Lakmali Karunannayake was sworn in as a Judge of the Court of Appeal before President Anura Kumara Dissanayake at the Presidential Secretariat this afternoon (03).

She previously served as an Additional Solicitor General at the Attorney General’s Department.

The appointment has been made to fill a vacancy on the Court of Appeal.

Secretary to the President Dr Nandika Sanath Kumanayake was also present on the occasion.

(President’s Media Division)

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Sun directly overhead Madampe, Thorayaya, Thotagamuwa, Rattota and Kalavanchikudy about 12.09 noon today (03)

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The sun is going to be directly over the latitudes of Sri Lanka from 28th of August to 07th of September due to its apparent southward relative motion.

The nearest places of Sri Lanka over which the sun is overhead today (03) are Madampe, Thorayaya, Thotagamuwa, Rattota and
Kalavanchikudy about 12.09 noon.

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22A: SC urged to suspend hearing, appoint full bench

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Attorney-at-Law Sugandhika Fernando, on behalf of the Vinivida Foundation, petitioned the Supreme Court yesterday (02), seeking a full bench, excluding Chief Justice Preethi Padman Surasena, to hear the petitions challenging the 22nd Amendment Bill. She also requested that the hearing be suspended immediately until the matter was fully heard and determined.

Among the respondents are Chief Justice Surasena, the first respondent, and Attorney General Parinda Ranasinghe. Justices Yasantha Kodagoda, Shiran Gooneratne, Achala Wengappuli and Priyantha Fernando have also been named as respondents.

The petitioner has sought to have quashed the decision of the first respondent to appoint a five-member bench, which she alleged was made in violation of the norms of public law. She also sought a bench comprising all Supreme Court judges, excluding those cited as respondents, to hear the special determination applications on the 22nd Amendment.

The petitioner further contended that Chief Justice Surasena, who is due to retire on December 1, 2026, would be the main beneficiary of the 22nd Amendment.

The hearing of the petitions continued for a second day yesterday (02) before a five-member Supreme Court bench comprising Chief Justice Preethi Padman Surasena and Justices Achala Wengappuli, Arjuna Obeyesekere, Sampath Abeykoon and Gihan Kulatunga.

The hearing, which commenced on Tuesday morning, continued for nearly 12 hours, until 10:30 p.m.

Solicitor General Viraj Dayaratne, appearing for the Attorney General, submitted yesterday that the Government had presented the 22nd Amendment Bill to the Constitution and the Judicature (Amendment) Bill with the objective of expanding and streamlining the country’s judicial system.

After the Solicitor General’s submissions concluded, counsel representing the petitioners requested an opportunity to respond to the Solicitor General and the intervening petitioners. However, the Chief Justice declined to allow the petitioners’ counsel to make further oral submissions, concluded the determination hearing and directed them to file written submissions instead.

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