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Dr. Nalaka Godahewa to be appointed as the SEC chairman Vote_lcap68%Dr. Nalaka Godahewa to be appointed as the SEC chairman Vote_rcap 68% [ 178 ]
Dr. Nalaka Godahewa to be appointed as the SEC chairman Vote_lcap18%Dr. Nalaka Godahewa to be appointed as the SEC chairman Vote_rcap 18% [ 47 ]
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FINANCIAL CHRONICLE™ » CHRONICLE™ SUPPORT » Quarantined » Dr. Nalaka Godahewa to be appointed as the SEC chairman

Dr. Nalaka Godahewa to be appointed as the SEC chairman

+10
traderathome
stockboy
Kithsiri
Sandstorm
CSE Leak Professor
Fresher
bullrun
D.G.Dayaratne
oops
CSE-Leaks
14 posters

Go down  Message [Page 1 of 1]

CSE-Leaks


Stock Trader

Since most stakeholders opposed the idea of appointing a retired police officer to the top post at SEC to bust the mafia, Government has decided to appoint pro market Dr. Nalaka Godahewa to the chairmanship of SEC with immediate effect.

oops


Manager - Equity Analytics
Manager - Equity Analytics

Are you mad?

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Congratulations Dr nalaka Godahewa

I would like to quote famous historian in this instance
"History repeats it self"
you know what happen to Mrs S and Dr k
My 35 years Executive experience in the public sector is there
are some officers(may be anti-govt) who make bright proposals
to complicate whole system .SEC is no exception


bullrun

bullrun
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

I don't know whose fault. CSE website is not working. CDAX is a real mesh. These are classic example of the low professionalism of the people involve.

One of the task of the new comer is to be improved those things too in order to provide accurate information for decision makings.

Fresher


Moderator
Moderator

@bullrun wrote:I don't know whose fault. CSE website is not working. CDAX is a real mesh. These are classic example of the low professionalism of the people involve.

One of the task of the new comer is to be improved those things too in order to provide accurate information for decision makings.

I don't think either of that is the responsibility of the SEC, especially CDAX

CSE Leak Professor


Stock Analytic
Stock Analytic

Above user titled 'CSE-Leaks' is using the top Leaks Brand of Sri Lanka CSE Leaks and trying promote an agenda in the forum. Chandra Fernando being appointed to SEC was a falls story.It was a "Null and Void" story.

The above user is not real 'CSE Leaks'

The truth is Nalaka Godahewa is in the list of proposed name for Chairman but two people in the state seats are opposing Nalaka's appointment. Oppossing people are - It is Lalith Weeratunga husband of former SEC Chairperson Indrani Sugathadasa and Finance Secretary Terminator.

Some say Calik Mader (had to change name as this forum Delete his name) had vested interest with a stock broker who lost his job after TFC-NSB deal in which case Indrani had to resign beacause of Calik Mader's conflict of interests activities.

Many People in the industry highlights that
On the other hand the "Real Stock Market Mafia' according to many is Bond King Ajith Devasurendra who has escaped and flown to Australia after selling his stake in Diriya Inveastments which owns Browns and Taprobane for Rs.1.3 billion to Ishara Nanayakkara fame (intially Bond King received only 660 million) and Bond King had sold his hotel investment in Pasikudah (Calik Mader is also an investor). Devasurendra and the clan was pioneers in Pumping dud stocks to Sri Lanka's largest Pension fund EPF and became rich at the expense of poor hard working private sector employees money in EPF. Close lads of Devasurendra says now Bond King had escaped to Australia and will be back in country when things become smooth. Deva and the clan was real 'Pumpers and Dumpers'

Perpetual is also stuck with its money it invested in stocks after receiving Deva and the Clan's Advise.

Last week 17 August Friday Night 2012 Ishara Nanayakkara his Bouncer and Seylan Bank CEO and General Manager was spotted at Cinnamon Grand Coffee Spot with Two Foreign Delegates mastering another game deal. Seylan Bank now Chairman Pohan Mieris (former Attorney General was installed to Seylan Bank after ousting veteran Banker Eastman Narangoda by Ishara Nanayakkara, Ajith Devasurendra and the crowd who invested in Seylan after Lalith Kotelawala lost control in 2009)

Both Pohan Mieris is witness for Oil Hedging Arbitration Case on Sri lanka and Kapila Ariyaratne was a Game Dealer who was in Peoples' Bank financing Oil Hedging Deal where People's Bank lost billions of Rupees.

The Extract Sunday Leader

Poor performer

With such poor performance it is unconscionable that the management of People's Bank could justify paying well over half a million dollars per year in salaries to consultants who were mandated to steer the bank back onto a profitable course.

The highest paid as of December 2007 was one Kapila Ariyaratne, who drew a monthly salary of Rs 906,500 and a Provident Fund contribution of Rs 181,300 a month. Ariyaratne today serves as the bank's Senior Deputy General Manager (Corporate and Institutional Banking, Domestic and Development Credit.)

Kapila Ariyaratne joined the bank in March 2001 along with N. Vasantha Kumar and six other highly paid "consultants." In December 2007, Kumar was on a salary including Provident Fund of Rs 868,000 per month. He is now Senior Deputy General Manager (Treasury and International Business,) and the two worked hand in glove to put the hedging deal through with the CPC.

In fact, The Sunday Leader has uncovered damning evidence that these two People's Bank employees were flown to Dubai on Business Class on a junket to learn more about oil hedging. Readers, before you let your blood boil at the thought that your tax rupees footed the bill for their comfy seats, relax, for this was not the case.

These two Senior Deputy General Managers of People's Bank were flown to Dubai and the bill was footed by none other than Standard Chartered Bank (SCB), the institution in the spotlight of the hedging scandal. We have published on this page invoices to SCB from Hemas Travels for the flights of Ariyaratne and Kumar to Dubai.

Attempts to contact both bank officials - to ascertain who authorised their junket to Dubai sponsored by Standard Chartered Bank - failed. Neither returned repeated calls to their offices seeking comment on this matter.

Link: http://www.thesundayleader.lk/20090111/spotlight.htm

Sandstorm

Sandstorm
Manager - Equity Analytics
Manager - Equity Analytics

From Wikipedia, the free encyclopedia


Dr Nalaka Godahewa talking to media during the UNWTO Green Conference in Thailand
Dr. Nalaka Godahewa is the Chairman of Sri Lanka Tourism Development Authority. Having appointed as the Chairman of Sri Lanka Tourism in May 2010 Dr Nalaka Godahewa was instrumental in developing the Sri Lanka Tourism Development Strategy 2011-2016 which was approved by the Cabinet of Ministers of Sri Lanka[1] It was under his chairmanship that Sri Lanka Tourism started promoting a clear value proposition of the destination being authentic, compact and diverse under the new tagline ‘Refreshingly Sri Lanka, the Wonder of Asia’.[2] He has been commended by key corporate personalities in the country for creating a highly efficient and investor friendly management culture within a government organization and also for his highly strategic and focused approach towards developing tourism in the post war Sri Lanka. In the 2011/12 annual report the Chairman of Aitken Spence Group, Mr Harry Jayewardene, probably one of the most out spoken and highly critical business leader in the country states “I must commend the one-stop shop now operated by Sri Lanka Tourism for those interested in entering the industry. The new facilitation body is a much needed single point of contact and has clearly eased the processing and coordination complexities faced by investors”.[3]
Contents  [hide] 
1 Education and Early Career
2 Involving in a National Cause at Sri Lanka Insurance
3 Turning around Lanka Hospitals
4 Controversy – Supporting the entry of Fortis Health Care to Sri Lanka
5 Controversy- Disagreements with the Hierarchy on Tourism Promotions Strategy
6 References
7 External Links
[edit]Education and Early Career

A past student of Ananda College Nalaka Godahewa entered the Engineering faculty of University of Moratuwa in 1986. He had already lost 2 years of valuable time since completing A/L due to the long backlog in entering Universities those days. He lost another 2 years while reading for his degree as University was closed most of the time due to JVP insurgency in late 80's. As a result he belonged to a batch of young men who started their careers quite late and had to catch up fast.
He started his career at Unilever Ceylon as a Management Trainee, and within less than 10 years, Dr Godahewa became the youngest CEO of MAS Holdings, one of Sri Lanka’s most respected corporate entities and a leading exporter of high quality apparel products to reputed international brands such as Victoria's Secret Stores, Nike, Gap, Marks & Spencer etc.[4] He managed several overseas operations for MAS Holdings in countries such as Vietnam, Madagascar Indonesia and India gaining valuable experience in setting up international joint venture partnerships. Having a unique career across six different industries namely FMCG, Telecommunications, Apparel, Insurance, Health Care, and Tourism, his rich and diversified experience and futuristic thinking, is said to have made him a key corporate executive in the modern corporate world in Sri Lanka.[5] He is one of the few business leaders who have excelled in both Private sector and Public sector holding key responsibilities.
Academically qualified in three different disciplines of management, namely; Engineering, Marketing and Finance, Dr Godahewa holds a BSc Honours Degree in Electronics and Telecommunication Engineering from the University of Moratuwa. While working at Unilever he read for an MBA from the PIM of University of Sri Jayewardenepura. He successfully completed a PhD in Marketing from the University of South Australia in 2008.[6] Dr Godahewa is a Fellow Member of the Chartered Institute of Marketing (UK), a Fellow Member of the Institute of Chartered Management Accountants (UK) and a Member of the Certified Management Accountants ( Australia).[7]. His PhD thesis was on ' Market orientation and the performance of Sri Lankan apparel manufacturers in the post MFA environment.[8]
Nalaka Godahewa was the captain of the University of Moratuwa swimming team which won the Inter University Men’s swimming championship in 1990. He won University colours for Tennis, Swimming and Chess. At school and university both he was best known for oratary skills and he was the president of the school debating society. While at Ananda College he produced 2 stage Drama’s and one of which ; ‘Katugedara Meeyo’ that analyzed the emergence of northern and southern terrorism during early 80’s, caught the attention of veteran Drama producer Dharmasiri Senanayake who even offered to reproduce and show it island wide.
[edit]Involving in a National Cause at Sri Lanka Insurance



Presidents Mahinda Rajapaksa's Visit to SLIC after Government Take Over
The year 2009 was a critical year for the insurance giant Sri Lanka Insuarnce corporation. As a result of a Supreme court order the largest insurance company in the country was handed over from private sector to the Government. Customer confidence was falling rapidly and unions were gaining upper hand. This was the time financial institutions across boarders were collapsing due to world financial crisis. A crisis at the Sri Lanka Insurance Cooperation would was triggered a chain reaction in Sri Lanka too. Dr Nalaka Godahewa was appointed as competent authority of Sri Lanka Insurance in June 2009 and given the task of handling the company affairs during a most crucial period of the company history.[9] Subsequently appointed as the managing Director of Sri Lanka Insurance,[10] Dr Godahewa, restructured the company within a very short period of time and posted some of the best financial results with the revenue growth of over 30%.[11] He was instrumental in launching the famous advertising campaign of Sri Lanka Insurance ‘Like Father Like Mother ( Piyekumen, Mawakemen)’ in 2009 highlighting the two core strengths of Sri Lanka insurance of having the government protection and private sector type service standards.[12] He also rebranded life and motor insurance products of SLIC making both categories the fastest growing insurance brands in the market.[13] During his tenure as Managing Director, Sri Lanka Insurance made several strategic investments which were also resulted in substantial unrealized capital gains to the company. These investments included buying controlling stakes of NDB Bank, Seylan Bank and Hatton National Bank. Under his leadership Sri Lanka Insurance made history in 2010 by declaring the highest ever bonus of Rs 3 Bn to the life insurance policy holders of SLIC thereby increasing the brand credibility significantly.[14]
[edit]Turning around Lanka Hospitals



Dr Nalaka Godahewa with Chairman Gotabaya Rajapaksa and Central Bank Governor Nivad Cabraal at Lanka Hospitals
Apollo was a private hospital originally set by an Indian company and subsequently sold to Sri Lanka Insurance. By 2009 the hospital was not doing well. When Sri Lanka Insurance ownership reverted to government then Defense secretary Deleted Rajapaksa was appointed Chairman of the struggling hospital. The original idea was to convert the hospital to a military hospital as it was not financially viable to maintain. hand in hand with Mr Gotabaya Rajapksa, the Chairman of the SLIC controlled Apollo hospitals, Dr Godahewa who was the Managing Director of Sri Lanka Insurance took series of measures to turnaround the company which was rebranded as Lanka Hospitals and fast became an industry bench mark for service excellence in health care at an offordable price industry.[15] Considering his contribution towards turning around Lanka Hospitals from an average performer to one of the most sought after private health care services of the country the Chairman Gotabaya Rajapaksa invited him to remain on the Board even after he left SLIC to become the Chairman of Sri Lanka Tourism.[16]
[edit]Controversy – Supporting the entry of Fortis Health Care to Sri Lanka

When Fortis health care of Singapore bought a substantial shareholding of Lanka Hospitals[17] in 2011 the role of Dr Godahewa allowing 3 board seats to the new investor was criticized by the controversial news paper Sunday Leader.[18] However subsequent developments such as the joint collaborations between the Super Religare Laboratories of Fortis Health Care and Lanka Hospitals in setting up an international standard laboratory network in the country proved that partnering Fortis Healthcare was a strategic decision that helped the hospitals in the long run.[19]
[edit]Controversy- Disagreements with the Hierarchy on Tourism Promotions Strategy



Promoting Tourism and Investment opportunities with NHK TV in Japan
During May 2012 wide publicity was given by Sri Lankan media about a likely dispute between Dr Godahewa the Chairman of Tourism and the Secretary to the Ministry of Economic Development Dr P B Jayasundara when Dr Godahewa gave resignation from the three of the four Tourism Institutes he was holding Chairmanship positions.[20] Though both of them denied that the resignations were due to any clash between the Tourism Chairman and the powerful secretary industry sources pointed out that there were major differences of opinions between the two top persons in tourism when in come to the promotions strategy.[21] Dr Godahewa a PhD holder in marketing strongly believed that the country requires an aggressive marketing promotions campaign following the first two years of product development after the war ended in 2009. This position was not supported by the Ministry who wanted the tourism organisations to be restructured.[22] Ministry went to the extent of issuing its own press statement when media expressed serious concern about a crisis in Tourism administration and Minister Basil_Rajapaksa clarified the ministry view point of how country and investment promotions should be handled.[23] However most of the media continued to express the opinion that professionals such as Dr Godahewa should be given a free hand to deliver. Sunday Times Business Editorial on 10th June 2012 observed that Sri Lanka’s Tourism promotions have got adversely affected due to disputes between officials professionally competent in tourism promotion and marketing, and bureaucrats who have little or no knowledge about the intricacies of destination marketing. It further said “Godahewa's usefulness may have ended in tourism marketing and promotion, as far as the Ministry is concerned. However his skills and competence have not gone unnoticed by the President’ pointing out that SLTDA chairman continues to be a key speaker at most of the international business forums attended by President President Mahinda Rajapaksa him self.[24]
[edit]References

^ Sunday Island (Print Edition : 5th September 2011).'Govt. unveils strategic plan for tourism'.Retrieved on 24th May 2012
^ Travelio.net(11 November 2010).'Sri Lanka Tourism Shines at WTM London'. Retrieved on 27 May 2012
^ Anual Report 2011/12 of Aitken Spence Group: Chairmans Message: 'Aitken Spence PLC Annual Report 2011-2012 ' Retrieved on 14th June 2012
^ Daily News (Print Edition :18th March 2008).'Nalaka Godahewa awarded Doctorate'.Retrieved on 2nd June 2012
^ Sunday Island (Print Edition :3rd June 2012).'Dr. Godahewa speaks of his experiences in public, private sectors'. Retrieved on 27 May 2012
^ Daily News (18th March 2008).'Nalaka Godahewa awarded Doctorate'.Retrieved on 3rd June 2012
^ SLTDA Website. 'Chairman'. Retrieved on 30th May 2012
^ University of South Australia: Library Catalogue: ' Market orientation and the performance of Sri Lankan apparel manufacturers in the post MFA environment / Nalaka Harshijeeva Godahewa': Retrieved on 10th June 2012
^ WebSite.Colombo Page Sri Lankas internet NewsPaper. (10th june 2009). 'A new Competent Authority for Sri Lanka Insurance Corporation'. Retrieved on 30th May 2012
^ Daily News: (Print edition:27th June 2009:' New Directors Appointed' : Retrieved on 10th June 2012
^ The Island Online. 'Dr. Nalaka Godahewa takes over as SLIC Competent Authority'. Retrieved on1st June 2012
^ Daily News.(Print Edition 26th October 2009).‘Players should focus on innovation, product quality’. Retrieved on 4th June 2012
^ Sunday Observer (print edition: 21st February 2010).'SLI posts remarkable growth in Life Insurance'. Retrieved on 5th June 2012
^ Daily News. (print edition: 4th December 2009).'SLIC bonus Rs 3 b' Retrieved on 22 May 2012
^ Sunday Island. (6th December 2009).'Lanka Hospitals committed to peerless health care'. Retrieved on 23rd May 2012
^ You Tube video. clip from Derana TV.( Vanija Viththi Program :12 Juy 2009)'Dr Nalaka Godahewa on Derana vanija viththi SLIC & Lanka Hospital m4v' Rerieved on 1st June 2012
^ Times of India:(online: 5th March 2011): 'Fortis buys 29% in Lanka hospital corp' Retrieved on 10th June 2012
^ Sunday Leader:( Print edition):'Godahewa Merry go round' : retrieved on 9th June 2012
^ Website : sriLankaNews :India’s Fortis Healthcare sets up lab network with Sri Lanka’s Lanka Hospitals' : Retrieved on 10th june 2012
^ Daily FT (print edition: 25th May 2012).'Nalaka Godahewa tosses three tourism hats'. Retrieved on 6th June2012
^ Daily FT. (print edition : 28th may 2012). 'Nalaka’s move a fallout with Treasury Secy?'. Retrieved on 1st June 2012
^ Daily FT. (Print edition: 30th May 2012).'Basil bats for PB' . Retrieved on 5th June 2012
^ Daily FT ( Print edition : 30th May 2012): 'Ministry of Economic Development breaks silence; responds to tourism, BOI issues' : retrieved on 2nd June 2012
^ Sunday Times :(print edition : 10th June 2012): ' Tourism Saga Continues' Retrieved on 10th June 2012l
[edit]External Links

Doctoral Thesis of Nalaka Godahewa at UniSA Archives : 'Market orientation and the performance of Sri Lankan apparel manufacturers in the post MFA environment'

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Need of having a qualified, competent & one with a proven track records to run this was never in doubt but would this corrupt system allow that person to function as expected is always in doubt.

Right person in charge and a system change have to go hand in hand, if any positive signs to be witnessed soon.

stockboy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

congratulations Dr GODAHEWA you can change the system

congratulations Mr KALINGA INDRATISS NEW COMMISSIONER

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

@stockboy wrote: congratulations Dr GODAHEWA you can change the system

congratulations Mr KALINGA INDRATISS NEW COMMISSIONER

dr g - what will happen the investigations abruptly stopped ? Very Happy

or you will say it has to be restarted all over from beginning......so by the time it is near conclusion...you will step down and handover the torch to the next chairman for him to run the marathon. Question

Sylvester1234


Senior Equity Analytic
Senior Equity Analytic

Dr Nalaka Godahewa is one of the most qualified people around who can make the country proud. A brilliant engineer, A qualified accountant and a PhD in Marketing. What a combination ? Those who have seen him at International Forums would understand and appreciate the need to have top professionals of his caliber holding high administrative positions when Sri Lanka is pitching against rest of the world. Though some people who have not achieved half of what he has achieved, are trying to be critical of him, his track record at both private and public sector prove that he is an achiever. A man of action. I hope the critiques will give the new team at SEC the opportunity to analyze the current situation and set priorities. Let the new team at SEC focus first on market development so that all those who lost money during the last 1 ½ years can return to their normal lives. Let us not blindly follow the politically motivated few who try to project that the whole focus of SEC should be on a which hunt . SEC can continue the on going investigations but the focus should first be on getting the market back on track.

aj


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Wikipedia entry looks like a election leaflet written by himself. Very unprofessional. Wandibatta type article.

I'll tell you this. Over my career what I have seen is this. In every company or organization I was exposed to they were like this. There were this general manager, that manager, this manager and the directors, blah blah in full suits with jacked up hair and all that, talking about vision, strategy and so on doing nothing, talking, wasting other people's time and effort into useless things, but taking the lime light. But all the ideas, work was the results of a one or two people whom which are not attributed to them. Those one or two people are the engine that makes everything happen. Whether designing or planning the next 5 years plan. Sometimes when the results are coming those people are not even there. But who gets the fame and praise is those top managers when the results are coming. Those real people never gets praise or nobody says it was done by them. It's what's happening everywhere. Keep that in mind.



D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Biggest problem of this govt is they do not appoint correct people

Govt has appointed two wrong persons to SEC as the SEC is very sensitive organization the problem was highlighted immediately

There are several organizations like this
My personal experience is Vocational Tanning Authority of SL where i was vice Chairman from 2004 t0 2011.According to information i have very sad situation Pl check it
Bad economic management also effect Stock Market

Sylvester1234


Senior Equity Analytic
Senior Equity Analytic

@aj wrote:Wikipedia entry looks like a election leaflet written by himself. Very unprofessional. Wandibatta type article.

I'll tell you this. Over my career what I have seen is this. In every company or organization I was exposed to they were like this. There were this general manager, that manager, this manager and the directors, blah blah in full suits with jacked up hair and all that, talking about vision, strategy and so on doing nothing, talking, wasting other people's time and effort into useless things, but taking the lime light. But all the ideas, work was the results of a one or two people whom which are not attributed to them. Those one or two people are the engine that makes everything happen. Whether designing or planning the next 5 years plan. Sometimes when the results are coming those people are not even there. But who gets the fame and praise is those top managers when the results are coming. Those real people never gets praise or nobody says it was done by them. It's what's happening everywhere. Keep that in mind.



I am very sorry no one has recognized your efforts in the companies you worked so far. Some times its advisable to look at the mirror to find out why girls don't like you. Yours looks like a similar problem. The recognition at work comes only to those who deserve. if one organization doesn't recognize you then you can go elsewhere. If no organization recognizes you then it must be your incompetency and not any other reason. People who complain about lack of recognition and jealous of others are actually real losers. Do you have anything worth to be written in wikipedia ? If you do please go ahead without worrying about others. If not, please accept the reality that you are jealous. Go and do some meditation.

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

What I am amazed is why this capable director could not turn aroung PC house: with BPOs and alll that crap..

I bet this BABA had no idea whatsoever that he was instrumental in that PC house fiasco those days.

hettihewa


Senior Equity Analytic
Senior Equity Analytic

@gamaya wrote:What I am amazed is why this capable director could not turn aroung PC house: with BPOs and alll that crap..

I bet this BABA had no idea whatsoever that he was instrumental in that PC house fiasco those days.


Sorry dear this gentleman had nothing to do with PC House. We know the people who were involved. I am sure he didnt buy a single share of that. To best of our knowledge he was never linked to PC housein any capacity. So please dont mislead others in the forum with wrong information. If you dont know the facts avoid writing.

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