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Union Assurance tops rankings as #1 Transparent Life Insurer in Sri Lanka

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Union Assurance, Sri Lanka’s premier Life Insurer, has been recognised as the #1 Life Insurance Company in the latest Transparency in Corporate Reporting Assessment 2023 (TRAC) published by Transparency International Sri Lanka (TISL). The assessment, which evaluates corporate disclosure practices among 125 public limited companies in Sri Lanka, covers reporting on six key sections: anti-corruption programmes, organisational transparency, domestic financial reporting, country-by-country reporting, gender and non-discrimination reporting, and reporting on procurement related to government contracts and tenders. Union Assurance emerged as the frontrunner in the Life Insurance sector with an impressive TRAC score of 8.75 out of 10, demonstrating significant transparency across the board. This score surpasses the overall average TRAC score of 5.85 out of 10 in the assessment.

As a subsidiary of John Keells Holdings, Sri Lanka’s largest conglomerate, Union Assurance upholds rigorous governance policies. The Company has implemented a comprehensive governance structure and multiple initiatives, including anti-fraud, whistleblower, and anti-corruption policies. Union Assurance also enforces a strong code of conduct that guides and protects stakeholders, emphasising a zero-tolerance approach to offences.

Furthermore, the Company takes pride in being an equal opportunity provider, maintaining a work environment free from discrimination based on race, religion, gender, age, nationality, social origin, disability, sexual orientation, gender identity, political affiliation, and opinion.

Union Assurance, in alignment with the John Keells Group’s people-related policies, has implemented several crucial initiatives to foster a supportive work environment, including a robust gender policy, equal opportunity and non-discrimination policy, anti-sexual harassment policy, and the ONE JKH initiative. Among the ONE JKH initiatives, Union Assurance actively addresses unconscious biases and promotes inclusivity with the introduction of the progressive 100-day equal parental leave policy, recognising the importance of supporting both mothers and fathers in their parenting roles. Union Assurance’s unwavering focus on gender parity has yielded impressive results, achieving true gender balance with 51% female representation.

Moreover, Union Assurance encourages female employees to take on non-traditional roles, fostering increased participation and leadership opportunities for women within the organisation. The recent launch of the ‘Grow’ programme on International Women’s Day 2024 exemplifies Union Assurance’s commitment to empowering female employees. This initiative aims to strengthen women’s leadership capabilities and enhance their decision-making roles across the Company. By nurturing talent and promoting diversity, Union Assurance continues to set a positive example in the corporate landscape.

In reference to the ranking, Rehan Ismail, Assistant Vice President of Risk and Compliance at Union Assurance, expressed pride in the Company’s consecutive recognition by TISL. “This acknowledgement underscores our commitment to exemplify transparent practices within the Life Insurance sector and across Sri Lanka’s business landscape. In today’s digital era, stakeholders have easy access to information through technology, enabling data-driven decision-making, with transparent corporate reporting playing a pivotal role in this context. At Union Assurance, we firmly believe that doing the right thing is essential to leading as a responsible corporate citizen. As a result, we continually adapt our processes and structures to meet stakeholder needs, ensuring optimal value for all,” he stated.



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Bid to include genocide allegation against Sri Lanka in Canada’s school curriculum thwarted

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Dr Hewage

Dr. Neville Hewage yesterday said that the Ontario Superior Court of Justice, the Ontario Court of Appeal and the Supreme Court of Canada had determined that alleged Tamil genocide hadn’t taken place in Sri Lanka.

The academic, who successfully moved the Canadian courts, said that, therefore, the much-touted Tamil Genocide Education Week Act (TGEWA), in terms of the ruling given by the Ontario Court of Appeal and confirmed by the Supreme Court of Canada, is not within provincial Jurisdiction Education under Canada’s Constitution. Dr. Hewage said so in response to The Island query.

Declaring that the Canadian ruling was a huge victory for Sri Lanka, constantly harassed by various interested parties over unsubstantiated war crimes allegations, Dr. Hewage emphasised that alleged Tamil genocide couldn’t be in the school curriculum.

The Canadian parliament in May 2022 declared May 18 as Tamil Genocide Remembrance Day, thereby recognising the massacre of Tamils during the last phase of the war.

Responding to another query, Dr. Hewage valued the legal action at approximately $350,000 while denying any backing from the Sri Lankan government. “I haven’t received any funding from the government,” Dr. Hewage said, appreciating the backing provided by the Canadian legal team.

Adjunct Professor of the Law and Justice Department Laurentian University. Sudbury, Ontario, Canada Hewage said: “I did my own legal work which cost me only time and the expenses for filing.”

Dr. Hewage dismissed attempts made by the pro-LTTE lobby to propagate the lie that the Supreme Court of Canada had dismissed the challenge to Bill 104 aka TGEWA, thereby allowing education and commemorative events/efforts.

Asked to explain, Dr. Hewage pointed out that although the Ontario Superior Court of justice, the Ontario Court of Appeal and the Supreme Court of Canada had determined that Tamil genocide did not take place in Sri Lanka, the Ontario Superior Court of Justice had ruled that TGEWA is valid under the Constitution Act, 1867, s 93 Education. Recalling that the first application had been filed against the Attorney General of Ontario on June 06, 2021, Dr. Hewage said that he had moved the Ontario Court of Appeal on July 22, 2022 and that court ruled that the TGEWA was not in line with the relevant Act.

The Appeal Court had concluded that TGEWA was not within the provincial jurisdiction as outlined in the Constitution Act, 1867, s. 93 Education, Dr. Hewage said.

The bottom line was that Tamil genocide couldn’t be included in their school curriculum, Dr. Hewage said. The Canadian verdict couldn’t have come at a better time for Sri Lanka, troubled by UK sanctions on Admiral of the Fleet Wasantha Karannagoda, retired Generals, Shavendra Silva and Jagath Jayasuriya as well as one-time LTTE Ampara-Batticaloa commander Vinayagamoorthy Muralitharan alias Karuna over war crimes allegations.

Dr. Hewage said that he had appealed to the Supreme Court on Nov 11, 2024 as he feared that the Ontario Court of Appeal could be reversed in case some other pro-LTTE party moved court and may declare plausible Tamil genocide. The academic stressed that throughout their campaign, the Sri Lankan government had not extended any help.

At the time, Dr. Hewage initiated the legal process Gotabaya Rajapaksa was the President. By the time Dr. Hewage appealed to the Supreme Court of Canada, the National People’s Power (NPP) had gained power.

The development with regard to TGEWA has taken place in the wake of Jaffna-born Gary Anandasangaree receiving appointment as Justice Minister and Attorney-General of Canada and Crown-Indigenous Relations and Northern Affairs Minister. He has been campaigning against alleged war crimes in Sri Lanka.

Dr. Hewage said that some media and other interested parties had been working overtime to deceive the people by misinterpreting the Canadian Supreme Court decision.

The Supreme Court had confirmed the Ontario Court of Appeal’s decision, and no further inquiries were required, Dr. Hewage said, adding that the pro-LTTE lobby was quite upset as both the Superior Court of Justice and the Appeal Court of Ontario had determined that Tamil genocide did not take place in Sri Lanka. “Therefore, the Supreme Court of Canada will not further inquire into the Tamil genocide claim and as such the Appeal court decision will stand,” Dr. Hewage said.

by Shamindra Ferdinando

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UK sanctions on former military top brass biased, unjustifiable: Ex-PM

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Dinesh

Former Prime Minister and leader of the Mahajana Eksath Peramuna (MEP) Dinesh Gunawardena has alleged that the UK sanctioning retired top brass and ex-LTTE commander is biased, unjustifiable and a blatant interference in an internal affair of Sri Lanka.

The following is the text of statement issued by former parliamentarian Gunawardena: “The United Kingdom Government recently imposed sanctions on former head of the Sri Lankan Armed Forces Shavendra Silva, former Navy Commander Wasantha Karannagoda, former Commander of the Sri Lankan Army Jagath Jayasuriya and Vinayagamoorthy Muralitharan alias Karuna Amman.

The imposition of sanctions on three former commanders of Sri Lankan armed forces over alleged human rights violations during the conflict between the terrorist outfit Liberation Tigers of Tamil Eelam (LTTE) and the armed forces by the UK is biased, unjustifiable action and a blatant interference on an internal affair of Sri Lanka.

It is most regrettable that the UK thought it fit to impose sanctions that are not based on any transparent investigation or legal proceedings. Instead, they reflect the selective application of international pressure on Sri Lanka, targeting those who played key roles in Sri Lanka’s military victory against the most ruthless terrorist organization, which is banned by many countries, including the UK.

I wish to reiterate that the people of Sri Lanka have the highest respect for the sacrifices made by the military and the Commanders of armed forces and they would always stand by them against any unjustified attempts of prosecution or slander as their valiant fight against terrorists have ensured long-lasting peace in Sri Lanka.

We urge the United Kingdom to withdraw the one-sided sanctions in the interest of our long-standing bilateral relations and norms.”

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Modi’s visit: TN poaching issue on the agenda

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Modi

Indian Foreign Secretary Vikram Misri has said that the arrest of Indian fishermen by the Sri Lankan Navy would be taken up at the forthcoming Indian Premier Narendra Modi’s visit to Colombo.Responding to a query posed at a special media briefing held in New Delhi on March 28 on Modi’s visits to Thailand and Sri Lanka in the first week of April, Misri said: We have throughout been in very close contact with Sri Lankan authorities at all levels and in practically every meeting with Sri Lanka, this issue is taken up very, very forcefully by our side. And our central message has always been that these are issues that should really be seen from the humanitarian and the livelihood concerns lens.”

Misri said: “On the fishermen’s issue, this is something that is a long-standing issue. It is also something whose origin lies in certain arrangements that were arrived at many years ago, in the mid-70s when the international maritime boundary line between India and Sri Lanka was agreed by the then authorities, both at the central and the state level. And, there were formal agreements that were signed with regard to respective rights in this particular area.

Since then, of course, on grounds of alleged crossing of this line by fishermen from our side, there are arrests on the Sri Lankan side and then a process has to be gone through.

We have throughout been in very close contact with Sri Lankan authorities at all levels and in practically every meeting with Sri Lanka, this issue is taken up very, very forcefully by our side. And our central message has always been that these are issues that should really be seen from the humanitarian and the livelihood concerns lens.

There are agreements that have been arrived at from time to time between Indian and Sri Lankan authorities on how to handle this issue. There is a formal mechanism as well of a joint working group on fisheries between the two sides. I think the most recent meeting was held in October last year. There is also a mechanism for fishermen’s associations from the two sides to work.

Our effort is to continue to resolve these issues, find mutual agreement on these issues. Of course, our Mission in Colombo and our Consulate in Jaffna remain very closely involved with these issues. Anytime there are people who are affected, we extend legal as well as other kinds of assistance to them. Sometimes there is medical assistance that is required. We also facilitate the repatriation as early as possible of released fishermen from Sri Lanka to India.

One other thing that we have always focused on with regard to this issue in our discussions with Sri Lanka is the need to avoid the use of force under all circumstances. Therefore, we feel that both sides understand the need to continue our ongoing dialogue, our constructive engagement to eventually achieve long lasting and mutually acceptable solutions to the issue. I have no doubt that the Prime Minister will raise issues related to the welfare of our fishermen during his meeting with the Sri Lankan President.”

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