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Sri Lanka Equity Forum » Stock Market Talk » Dissa Bandara should'nt have been appointed as DG in the first place.

Dissa Bandara should'nt have been appointed as DG in the first place.

Go down  Message [Page 1 of 1]


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
It is quite welknown fact that Dissa Bandara was appointed to the Director General postion as a interim measure to settle the situation that was created by the resignation of Thilak Kanurathne and Indrani Sugathadasa.

Dissa Bandara did not have the necessary industry experience or charsima to function as the DG of the SEC and he should consider himself lucky to have served in this position.

Further it was very clear from the very beginning that he was appointed as the DG on fixed term contract and he would have to leave the postion after the completion of the term.

Dissa Bandara is trying to give a resignation (which is not relevant as his contract any ends) few days before his term ends and trying create a similar confusion that was created by Karunaratne and Indrani Sugathadasa.

IN Sinhalese you call this..." Yana Yaka Korahath Bindagena Yanawa"

It is very apparent that he is trying create confusion among the investors and earn himself another term or extend his contrct throghpressure. if he was genuine about the situation he should have mentioned about these problems at the beginning of his term.

Good Luck Mr Dissa Bandara, you can go back and teach students something better from what your leant yourself by working at SEC. Good luck poor students.


Vice President - Equity Analytics
Vice President - Equity Analytics
Yes, could be Dissa Bandara lacks the necessary experience
But, Godahewa too ( like many of the GOSL appointee to many state institutions) has NO experiences
it doesn't matter in this case.
Yes, I agree on his contract terms anyway


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Look like Dissa Bandara has managed to create further controversy and in the process created front page article about mafia in today's daily mirror.

Mar 26, Colombo: Sri Lanka's main opposition United National Party (UNP) has expressed concern over the resignation of the third senior official of the Securities and Exchange Commission (SEC) in one year.

UNP parliamentarian Eran Wickramaratne said it is disappointing that SEC Director General, Prof. Hareendra Dissabandara had resigned from the post citing his inability to continue in the post based on his principles.

Prof. Dissabandara said on last Friday (22) that he has submitted his resignation from the post of Director-General effective May 27. He has not given any specific reason for his decision.

Issuing a statement, Wickramaratne pointed out that former Chairpersons of the SEC, Indrani Sugathadasa and Thilak Karunaratne had resigned within a period of nine months.

He noted that the resignations were a clear indication that all was not well at the SEC.

"Professionals attempting to carry out their tasks without fear and favor are coming under intense pressure," he said.

Wickramaratne explained that the number of referrals to the SEC has increased from 30 in 2010 to over 45 in the first six months of 2012 and the action warranted had on the other hand seen a decline.

"There were 17 pending cases in 2011, many of which were concluded. COPE was unable to draw a conclusion as to whether these cases were satisfactorily handled," the UNP has noted.

SEC chairman Dr. Nalaka Godahewa has said that he could not understand the Director-General's decision to resign on May 27 since his term expires anyway by May 31.

Former SEC chairwoman Indrani Sugathadasa resigned from the post in December 2011 due to the pressure from the stock brokers.

Karunaratne resigned from the post of Chairman claiming that he was under tremendous pressure from some investors who are under investigation for malpractices at the Colombo Stock Exchange.


Manager - Equity Analytics
Manager - Equity Analytics
Maybe he shouldn't have been appointed in the first place. But he was sop much better then the current DDG. The current DDG is Dammika Perera (not of valibel fame) he was the director investigations and was personally responsible for burying the investigation. Heaven help the market if he become DG

Last edited by Sidath on Wed Mar 27, 2013 10:49 am; edited 1 time in total (Reason for editing : spelling)


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
The problem not connected with appointment or resignation of Mr Disa Bandara

The way this govt make appointment to manage important Institutions
in the economy

How many blunders made so far?

Think of The money we loss personally and as a country and opportunity cost due to these blunders .

When this will end?:

Last edited by D.G.Dayaratne on Wed Mar 27, 2013 2:07 pm; edited 1 time in total (Reason for editing : correction)

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