Financial Times

Adverse comments against judiciary may be to stifle its independence

By Quintus Perera

Bribery and corruption is becoming the order of the day where parliamentarians and ministers are also becoming accused but as there should be a giver, the private sector also should bear the accusations, Anver Dole, President, Institute of Management of Sri Lanka (IMSL) told reporters this week.

He said that the country has reached an unfortunate situation as little or no concern has been made by the different chambers with regard to bribery and corruption with corrupt officials openly soliciting bribes.
He said that during the past two to three decades ethical standards, integrity and transparency which are essential components for good governance have reached a low ebb and the current scenario in Sri Lanka is bleak and dismal.

He along with some officials of IMSL addressed the press briefing to appraise the media on the new initiatives taken by IMSL in introducing new programmes and launching a membership drive. He said that while this grave social evil is enmeshing the social fabric of the country, some had the audacity to cast adverse comments on the judiciary apparently in a bid to stifle the independence of the judiciary.
Mr. Dole said "The recent landmark judgments by the Supreme Court on the LMSL-JKH affair, and the ruling against the former president in the 'Water’s Edge' case, have done much to restore confidence in the 'system'. It has demonstrated that at the end of the day, even the highest in the land, is finally accountable. It has certainly sent a powerful signal to all citizens of our country."

He said that currently, good governance is conspicuous by its absence and therefore as managers they have a major role to play. The IMSL will strive to mould and fashion the thinking of managers, especially the younger generation, to maintain ethical standards, replicate 'best practices' and work towards a better corporate Sri Lanka."


 
Top to the page  |  E-mail  |  views[1]
 
Other Financial Times Articles
LMSL-land clearly belonged to SLPA
Sampath says capital adequacy enough
EU probe begins on Lanka’s GSP+
JKH share falls on rumours, foreign selling
Best times still ahead for investors in capital markets
Crude oil hits lowest in two years
Hard times for coir workers
Garment crisis, JKH on the hop
Revival: “We can do it”- Meegoda
Global crisis will take a minimum of 12 to 15 months to stabilise
PBJ affidavit to be accepted once all letters are filed-Court
Adverse comments against judiciary may be to stifle its independence
Cargills using Jayasuriya to woo public support for its products
Brandix takes Gold at National Cleaner Production Awards
Domestic workers in local households push for rights
Regional business leaders to meet at BPA AGM
Chairman and CEO must be two separate posts
Sri Lankan psychologists come together to form asssociation
Commercial Bank in world’s top 1000 banks
BOI promoting regional development
Sri Lanka takes historic step in evidence through video conferencing
Seylan Merchant Leasing’s deposit base tops Rs 1.5 billion
Lower consumption of lubricants-Chevron Lanka
Voice-based phone directory from Suntel
Colombo, Gampaha and Kalutara most competitive Sri Lankan cities
58% of low grown teas unsold at auctions this week
HSBC unveils world’s longest golf cart
Garment factory closures points to unviable industry-report
Arab airlines urged to focus on efficiency
Abdul Rahims – 136 years of trading
Dave Ulrich’s ‘Future Proof Your HR’ draws crowds to Water’s Edge
Sparks fly at SPAACS launch
Harry J-controlled parties restricted to 10% on ComBank voting
Veteran insurance consultant urges Code of Conduct for insurance
Onus on defendant to begin case under Debt Recovery laws
Renton to spearhead World Bank tourism project
Lankan banker wins ‘Woman of the Year in Finance’
Minimum wage for workers under consideration – outgoing EFC Chairman
Financial scandals : Who takes responsibility?
ADB, Sri Lanka agree on partnership strategy
JKH: Treatment of LMSL Land
Sri Lankan Actuaries form professional body
US$150 mln rescue package to tackle loss of GSP+ benefit
Interest rates to come down
Security experts stress importance of private security agencies

 

 
Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 2008 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved.| Site best viewed in IE ver 6.0 @ 1024 x 768 resolution