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SLID’s Young Directors Forum to refresh the boardroom with young talent 

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The Sri Lanka Institute of Directors (SLID) recently launched its Young Directors Forum (YDF) with the aim of grooming young talent to take up positions in the Boardrooms of corporate Sri Lanka as well as in the public sector/State-Owned Enterprises. As its inaugural event, the YDF organized an online panel discussion on the topic of “Refreshing the Boardroom: In Conversation with Young Directors”. The panel comprised of Anushka Wijesinha -Economist, Independent Non-executive Director of Seylan Bank, HNB Finance, Fairfirst, Co-founder/Chairman of the Center for Smart Future, Chairman of the YDF and moderator of the panel, Ms. Annika Senanayake-Director of several listed companies and Director, Corporate Planning, IWS Holdings, Sanjay Jayawardena-Founder/Director, Spirit Kitchens, Deshal De Mel-Research Director, Verite Research and Director of several listed companies including Sampath Bank and Janashakthi, all being working committee members of the YDF together with Charaka Perera – Director/COO of Stafford Motor Company-Council Member of SLID and Council representative for the YDF.

“The YDF was established to provide a forum for Young Directors and future Boardroom leaders to engage their minds on topics of interest in performing their roles more efficiently and effectively. The YDF wants to reach out to directors and director aspirants of different types of companies in Sri Lanka – listed and private companies, startups, and eventually public sector SOEs as well” said Anushka Wijesinha.

Responding to a question from the moderator as to why companies are bringing young directors to their boards, panelist Sanjaya Jayawardena said that this occurs due to the need for diversity in helping companies make better decisions. “In addition to the diversity of thought, experience, background, gender, and ethnicity, age is a key element in the notion of diversity. Young Directors are better positioned to provide a fresh perspective, a fresh way of thinking and are less likely to resist change. Today we see a lot of businesses, industries going through rapid change, which has been further accelerated due to the pandemic, and we see companies recognizing the importance of looking at things through a wider lens and getting the right mix in the boardroom”.

“A fair amount of vigor goes into the selection of directors in the financial services sector and when a director is brought in, it would not be because somebody is young, but there would always be a specific skill such as risk management, finance, technology, etc. and she/he is expected to lead with that skill. There is a lot of value that comes with the diversity of thoughts and the ability to bring in different perspectives. There is also an expectation that young directors would have a better grip on newer technologies or newer trends in business such as payment-related technology, fintech, and eCommerce in the financial services sector” said Deshal De Mel bringing about a financial sector perspective.

“Boards are responsible for driving its business forward, keeping it under prudent control, and creating value for all its stakeholders. With digital transformation increasing complexity in business, we are looking at new skills and oversight with more companies engaging with data mining, AI, digital applications just to transform the way that they do business and provide their clientele with more digital-centric solutions. Young directors who fall into the category of millennials are digital natives, and inherently by the age factor, they have more insight and possibly exposure to the digital sphere. This enables them to provide different perspectives especially relating to the fast-moving technologies that could add value to a wide variety of industries” said Annika Senanayake expressing her views.

Describing the rationale of SLID to initiate the YDF, Charaka Perera said that youth leadership has been seen in all sectors from politics, corporate leadership, NGOs, startups, etc. and that with the rise of youth leaders in Boardrooms, young directors have repeatedly proven themselves. “The primary focus of the YDF is grooming the future Board leadership of corporate Sri Lanka. We believe that through the YDF, we can identify the needs of the younger generation and young Directors who are about to step into the Boardroom for the 1st time and develop and roll out programs that will fulfill these needs” he added.



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Business

People’s Bank drives push towards cash-lite economy

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Marking a significant milestone in Sri Lanka’s digital transformation journey, the National QR Payment Adoption Programme was recently launched with the objective of accelerating the country’s transition towards a cash-lite economy. The initiative aims to reduce reliance on physical currency by promoting the widespread use of QR-based digital payments, enabling individuals and businesses to conduct fast, secure and convenient transactions via mobile devices, said a release from the People’s Bank.

It said: As a leader in digital banking, People’s Bank proudly aligns with this landmark national initiative, reinforcing its commitment to building a digitally empowered economy. The Bank supports the programme through its flagship digital wallet “People’s Pay”, which offers a seamless platform for QR-based transactions and a range of everyday financial services.

In line with the programme’s objectives, customers can perform QR transactions without incurring additional charges, while merchants benefit from zero fees on transactions up to Rs. 5,000. To further encourage adoption, valuable gifts will be awarded to selected winners among LANKAQR users, enhancing engagement and promoting digital payment usage across the country.

People’s Bank’s participation reflects its ongoing digital transformation strategy, which has evolved beyond traditional online banking to deliver an integrated, lifestyle-oriented financial ecosystem. The Bank continues to set industry benchmarks by offering secure, efficient and user-friendly digital platforms, ensuring customers have uninterrupted access to banking services anytime, anywhere.

At the heart of this initiative is People’s Pay, a sophisticated digital wallet designed to streamline everyday financial transactions while catering to the evolving needs of the modern consumer. The application features a seamless self-registration process, comprehensive tri-language support, and secure storage of payment details, ensuring both convenience and security for users.

In addition, the People’s Pay app enables customers to make real-time bill payments and QR-based transactions with exceptional ease and efficiency. The facility to link multiple bank accounts further enhances flexibility and convenience, while the transaction limit provides users with greater financial control and improved security.

In a strategic move to bolster the national QR adoption program, the People’s Pay app now facilitates Peer-to-Peer (P2P) QR transfers. This functionality allows users to generate both static and dynamic QR codes, enabling efficient transactions without the need to disclose sensitive account information.

The National QR Payment Adoption Programme represents a critical step in advancing Sri Lanka’s digital payments landscape. By fostering fast, secure and transparent transaction methods, the initiative aims to ensure inclusive participation in the digital economy, empowering citizens across all regions and communities.

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ANC Campus and Adelaide University launch new Australian study pathway for Lankan students

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ANC Campus has announced the launch of a formal articulation partnership with Adelaide University at Cinnamon Lakeside, Colombo, creating a clear progression pathway for Sri Lankan students seeking an Australian university degree.

Through this pathway, students can begin their university-level studies at ANC Campus in Sri Lanka before progressing to Adelaide University in Australia, subject to the relevant academic, English language, and entry requirements. By completing the first year through ANC’s Australian Diploma pathway in Sri Lanka, students can significantly reduce the overall cost of their Australian education journey, with estimated first-year savings of up to LKR 13 million when tuition and living expenses are considered.

The launch was attended by representatives of ANC Campus, Adelaide University, and the Australian Trade and Investment Commission (Austrade), alongside members of the media, students, parents, and invited guests. Austrade’s presence highlighted the continued importance of Australia-Sri Lanka education links.

Speaking at the launch, Dayan D. L. Fernando, Chief Executive Officer of ANC Campus, said the partnership gives Sri Lankan students a credible and well-supported route into Australian higher education.

“For over two decades, ANC has worked with international university partners to help Sri Lankan students begin their global education journey with the right academic preparation and guidance. This partnership with Adelaide University gives students a clearer route to an Australian degree and gives parents greater confidence in the pathway their children are choosing,” he said.

Fernando added that international education is one of the most important decisions a family makes, and proper guidance is essential.

“At ANC, our responsibility is to guide students correctly. We must help them understand the pathway, the requirements, the destination, and the opportunities ahead. ANC prepares students for the highest likelihood of success.

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Union Assurance honours new batch of certified financial advisers

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Union Assurance PLC, Sri Lanka’s longest-standing private Life Insurer, recently hosted the SLIM Certified Financial Adviser Graduation Ceremony at its Head Office premises, recognising 38 professionals who successfully completed the programme, a milestone that reflects the company’s focus on building a highly capable and accredited sales force.

The Certified Financial Adviser programme, delivered in partnership with the Sri Lanka Institute of Marketing (SLIM), the National Body of Marketing in Sri Lanka, which was designed to elevate the expertise of the company’s high performing adviser force. Spanning 11 comprehensive modules covering areas such as Advanced Consultative Selling Skills, Negotiation Mastery, Digital Prospecting Techniques, and Emotional Resilience in Sales, participants underwent a rigorous learning journey that concluded with a formal assignment, bringing the full cohort to completion.

The programme reflects Union Assurance’s commitment to ensuring its advisers are positioned to serve customers with confidence, credibility, and genuine understanding of their needs; values that are central to the company’s purpose of protecting what matters most. The SLIM qualification also opens a structured educational pathway for graduates, with opportunities to advance through further nationally recognised certifications.

Speaking at the ceremony, Chief Agency Officer at Union Assurance, Imtiyaz Aniff stated: “We are pleased to recognise the dedication of our people who committed to this programme alongside their core responsibilities. The SLIM certification equips our advisers with the skills and credentials to serve our customers at a higher standard, and that directly supports the quality of advice we deliver. We look forward to seeing this cohort carry forward what they have learned and continue to grow in their careers.”

Union Assurance is a subsidiary of John Keells Holdings PLC (JKH), the largest conglomerate listed on the Colombo Stock Exchange, operating with over 80 companies in 7 diverse industry sectors. The Company has completed nearly four decades of success with a Market Capitalisation of Rs. 45.6 Bn and a Life Fund of Rs. 92.8 Bn as of end December 2025. Set to protect lives and enrich the well-being of all Sri Lankans, Union Assurance offers Life Insurance solutions that cover the health, investment, protection, retirement and education needs of Sri Lankans. With an island-wide branch network and a workforce that is over 3000-strong, Union Assurance continues to invest in people, products and processes with a customer-centric focus to be responsive to emerging changes in the Life Insurance industry.

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