SEC engages corporate leaders; stresses good governance matters

THE Securities and Exchange Commission of Sri Lanka (SEC) last week conducted a special awareness session on “Directors’ Liabilities” for directors of listed companies, with over 150 listed company directors participating.

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The session was held as part of the SEC’s ongoing commitment to fostering good governance and transparency in the capital market. In his opening remarks SEC Chairman Senior Prof. Hareendra Dissabandara highlighted the critical role of board leadership in strengthening the capital market.

“The strength of companies lies in the quality of their leadership. The strength of the market lies in the integrity of Boards,” the Chairman stated. He emphasised that when directors fulfill their responsibilities consciously, investor confidence is enhanced, market participation increases, and capital formation accelerates. “Directors’ responsibilities are not just about avoiding punitive measures but about promoting long-term value, preserving reputation, and protecting stakeholder interests,” he noted. Delivering the keynote address, Dr. Harsha Cabral, President’s Counsel, commended the SEC for its proactive approach in promoting awareness among directors.