CA Sri Lanka, SEC to offer joint program for directors on corporate governance, financial reporting

Friday, 10 January 2014 00:01 - - {{hitsCtrl.values.hits}}

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently signed a Memorandum of Understanding (MoU) with the Securities and Exchange Commission (SEC) to offer a joint accreditation program to acquaint directors with the required knowledge on corporate governance, financial reporting and regulatory aspects.

The MoU was signed between Sujeewa Rajapakse, outgoing president of CA Sri Lanka and Dr. Nalaka Godahewa, the Chairman of SEC. As the trustees of the shareholders, directors play a major role in the business and therefore being equipped with the financial reporting requirements and the governance aspects has become vital for directors to perform their duties and responsibilities diligently. Therefore with this objective in mind, CA Sri Lanka and SEC came together to introduce a unique programme for directors to help uplift their knowledge and skills to equip them with the required knowledge in today’s constantly changing context. The program aimed for directors of listed companies will educate them on the important aspects of corporate governance, financial reporting and regulatory aspects, thereby supporting them to effectively manage the affairs of companies for and on behalf of stakeholders.