Financial Times

On the CCC Code of Ethics

Letter

In the letter in The Sunday Times FT on March 15 on this issue, Mr Chandra Jayaratne, instead of answering the questions that I raised on 8th March, has attempted to pull the wool over our eyes with further prevarications.

The implication of Mr Jayaratne’s explanation for his earlier claim that he “brought in” the Code of Ethics of the Chamber is that the Code that was adopted by the Chamber in 1982 was revised during his time and his revised version was adopted by the Chamber and its membership as its Code of Ethics.

Unfortunately this is not true. Every new member who joins the Chamber even today accepts as binding on him the Code of Ethics that was printed in 1982. There has been no substantive change to that Code which is the same one that JKH was alleged recently to have violated.

Mr Jayaratne has wittingly or unwittingly attempted to mislead all of us into thinking that the “Charter” that he helped to create in 2002 has replaced the original Code of Ethics. It very definitely has not and his attempt at prevarification has only further damaged his credibility.

There is a world of difference between a Code of Ethics (that a member would violate at his peril) and a Private Sector Charter. In future when Mr Jayaratne asserts, as he has frequently done in the past at seminars, that the private sector is seriously flawed despite his lone, continuous, courageous efforts to reform it, his claims will be taken with a pinch of salt.

Charitha P de Silva
Colombo


 
Top to the page  |  E-mail  |  views[1]
 
Other Financial Times Articles
> Sri Lankan vehicle sales tumble
> Bidding process questioned in Colombo Port project
> VRS. temporary lay-offs being considered
> CB 2008 report next week
> Mind your own business
> Jetwing - Hayleys ties under strain over Lighthouse hotel
> Dumpyard for GK documents?
> Running for cover – in investments
> SC orders list of assets from GK and Kotelawala
> Exporters told to apply for the 5% export rebate
> People's Bank restructuring drive pays off
> Norway to prop up IMF's bailout package
> Sinhaputhra Finance Ltd says growing cautiously
> ADB initiatives in SL
> Marks & Spencer's contribution to help disabled
> Sri Lanka lacks funds to stimulate economy - ADB
> Some EPF claims delayed for 20 years
> Small producers get access to micro finance
> 20 Ceylinco Life policy-holders enjoy luxury ocean cruise
> Most investors prefer state banks- STFT poll
> IMF makes comeback as it wields $1 trillion for global rescue
> Forum on Next Generation Network will attract BPO operators here
> Arpico Finance rights issue oversubscribed
> Ceylon Tea output continues downwards in February
> Samaposha MD for top meeting on Corn and Sorghum Research
> Supply of school furniture
> Fresh look in Singer annual report but revenues flat
> Nokia expects market growth to slow in 2009
> DFCC to help Oman Development Bank boost deposits
> ODEL’s ‘Backstage’ debuts on international stage
> On the CCC Code of Ethics
> Keeping up with the stockmarket
> Details of foreign companies of Ceylinco Chief revealed
> GK staff creates a furore inside office
> Electronic clearing bank payments system by mid May
> ETI opens four new pawning centres, more soon
> SriLankan Airlines launches tourism drive in Italy
> SriLankan Airlines flights ‘Go Green’
> Credit card terminals come to Sri Lanka
> Four new Deputy Governors of the Central Bank
> Ceylinco Shriram Securities renamed Entrust Securities
> Fonterra commissions new yoghurt plant

 

 
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