Better managing companies through proper direction from the boardroom
View(s):The board of directors, their role and proper leadership from the boardroom was the subject of a panel discussion organised recently by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) together with the Securities and Exchange Commission of Sri Lanka.
During the discussion titled ‘Fine-tune your Performance in the Boardroom’ at the CA Sri Lanka auditorium in Colombo, Cargills (Ceylon) PLC deputy Chairman/CEO, Ranjit Page said, “The current generation entering the corporate sector face many challenges in dealing with the management and the executive committee”.
He said there needs to be a strategy within the organisation without differentiating between the internal and external communication among the employees.
Singer (Sri Lanka) PLC Chairman, Hemaka Amarasuriya noted that the Board of Directors of a company needs to run a successful company that would keep customers happy. He noted that introducing something new every month within the organisation will keep the business going on.
Sampath Bank PLC Managing Director, Aravinda Perera said, “Today banks are driven by technology which alone cannot help the success of any bank. There has to be face to face conversation with the customer which builds the trust between the customer and the bank.” He also emphasised that the top management needs to trust junior staff, if not the organisation won’t achieve success.
Ernst and Young Managing partner for Asia and Singapore, Max Loh said, “Diversity among the Board of Directors of an organisation is important. Female board members should also be included in all business sectors in Sri Lanka.”
(RM)