Kapruka welcomes two new Directors to the Board

Friday, 19 November 2021 00:00 - - {{hitsCtrl.values.hits}}

Priyanthi Pieris

Tishan Subasinghe

Kapruka, Sri Lanka’s largest locally owned e-commerce enterprise with a global presence, recently welcomed two new members to its Board of Directors.

The new Board members, Priyanthi Pieris Attorney-at-Law of the Supreme Court of Sri Lanka, Solicitor of England and Wales, will serve as a Non-Executive Independent Director, and Tishan Subasinghe, Fellow and Council Member of the Institute of Chartered Accountants of Sri Lanka, will also serve as a Non-Executive Independent Director.

Announcing the new appointments, Kapruka Founder and CEO Dulith Herath said: “A diverse corporate governance team, comprised of highly qualified and experienced individuals can ensure the stability, growth and sustainability of a business. We are strengthening our dynamic leadership team to ensure that we are able to deliver maximum value to our stakeholders.

“On behalf of Kapruka, I take this opportunity to welcome both Mrs. Pieris and Mr. Subasinghe, to our Board and look forward to working together with these two high-achieving and respected individuals as we begin the next stage of Kapruka’s growth journey.”

Pieris has over 40 years of experience in the field of Corporate/Securities Law. Her expertise spans across handling corporate restructuring, privatisations, capital market transactions, takeovers, mergers and amalgamations. Pieris also serves on the Boards of JAT Holdings PLC, Associated Electrical Corporation Ltd., and MTN Corporate Consultants Ltd., and is the Chairperson/Consultant of P W Corporate Secretarial Ltd., a firm that provides capital markets-related services. She has also served as a legal advisor to the Ministry of Finance, as a legal consultant to the Colombo Stock Exchange and as a member of the SEC’s Committee on Takeovers and Mergers Code. She also served as a member of the Corporate Governance Committee set up by the Institute of Chartered Accountants and a member of Sri Lanka Law Commission.

Subasinghe is the Managing Director and Joint Managing Partner of Moore Stephens Consulting Ltd., and Moore Stephens Aiyar, respectively. Additionally, he is presently a Council Member of the University of Moratuwa, Chairman of the Sanasa General Insurance Company Ltd., and a Director at Amana Bank PLC, having previously served as the Head of Audit and Assurance at BDO Partners.

Subasinghe holds an MBA in Finance from the University of Colombo and is a Certified Information Systems Auditor (CISA-USA). His influence and expertise are global, as he maintains working relationships with PwC in New York, Philadelphia and Botswana. He has received international training in the US, Hong Kong, Bangkok, Hyderabad, Mumbai, Malaysia, Indonesia and Rome in areas such as Sarbanes Oxley section 404 integrated audits, audit software and the adoption of IFRSs.

He is also a visiting lecturer and a trainer at leading local and foreign universities, while also being a member of the Presidential Commission for the Simplification of Laws and Regulations, and a member of the CBSL’s Advisory Committee for the revival of failed Licensed Finance Companies.