FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Misuse of government property by Royal Colombo Golf Club
by God Father Today at 12:34 pm

» SL Cauvery and Mannar Basins Petroleum Resource Data Revealed
by samaritan Today at 12:00 pm

» Expolanka to continue its winning streak
by samaritan Today at 10:39 am

» Container shipping stocks routed
by target1 Yesterday at 1:32 pm

» Supply Chain Latest: Ocean Freight Rates Are Falling
by target1 Yesterday at 1:26 pm

» Turkish ship leaves Ukraine's Mariupol after grain talks with Moscow
by target1 Yesterday at 11:29 am

» This week's CBOT corn, soy freefalls hard to match in recent years
by target1 Yesterday at 9:57 am

» Positive news to boost market sentiment
by samaritan Yesterday at 9:52 am

» Maharaja at IMF meeting
by Maharaja Thu Jun 23, 2022 10:35 pm

» Why no power cuts in certain areas of Colombo?
by samaritan Thu Jun 23, 2022 5:44 pm

» India assures fullest support to Sri Lanka as a close friend
by samaritan Thu Jun 23, 2022 5:17 pm

» SINS, SAMP, COMB, PARQ, ALUMEX and AEL - are they good shares to start collecting now?
by surfjj Thu Jun 23, 2022 4:25 pm

» Learn how a fixed exchange rate system can be used to reduce inflation.
by target1 Thu Jun 23, 2022 3:35 pm

» Debt Crisis: Sri Lanka Vs Argentine
by CHRONICLE™ Thu Jun 23, 2022 8:17 am

» Sri Lanka in state of panic 1 month after sovereign default
by reyaz Tue Jun 21, 2022 5:23 pm

» Financial stability - we are at the crossroads.
by sheildskye Tue Jun 21, 2022 2:17 pm

» Shrinkflation: Is it ethical?
by sheildskye Tue Jun 21, 2022 2:05 pm

» Banking bullish billionaire Ishara expands footprint
by samaritan Tue Jun 21, 2022 10:58 am

» SL hopes to finalize a staff level program with IMF soon-RW
by samaritan Tue Jun 21, 2022 9:48 am

» Sri Lanka Stock Market heading toward ASPI 4500
by samaritan Tue Jun 21, 2022 9:29 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » CSE Chairman Dumith Fernando steps down amidst investor protest

CSE Chairman Dumith Fernando steps down amidst investor protest

2 posters

Go down  Message [Page 1 of 1]

God Father


Manager - Equity Analytics
Manager - Equity Analytics

The Chairman of the Colombo Stock Exchange (CSE) Dumith Fernando who has served in this role since July 01, 2020, has informed the Board of his intention to retire by rotation on June 23, 2022 at the conclusion of his current term as a Director.

CSE Chairman Dumith Fernando steps down amidst investor protest Screen11

CSE Chairman replies to serious allegation of Conflict of Interest

CSE Chairman Dumith Fernando replies to serious allegation of Conflict of Interest whilst continue to act unilaterally by providing false information and mislead the market participants thus causing irreparable damage to the Colombo Stock Exchange. #DumithGoHome

https://srilankaequity.forumotion.com/t60954-cse-chairman-replies-to-serious-allegation-of-conflict-of-interest?highlight=use+chairman

CSE Chairman Dumith Fernando steps down amidst investor protest B6d59811

CSE Director Board appoints a new Chairman

The Chairman of the Colombo Stock Exchange (CSE) Dumith Fernando who has served in this role since July 01, 2020, has informed the Board of his intention to retire by rotation on June 23, 2022 at the conclusion of his current term as a Director. Subsequently, at its regular monthly board meeting held on May 19th, 2022, the Board of the CSE has elected Director Dilshan Wirasekara to succeed Mr. Fernando as Chairman with effect from June 24th, 2022. Mr. Wirasekara is currently Director and Chief Executive Officer of First Capital Holdings PLC.

According to the Articles of Association of the CSE, it's Chair is chosen from among the five Directors elected by the members of the CSE. The appointment of Mr. Wirasekara is in line with the CSE's normal board succession practice.

The outgoing Chairman Mr. Fernando said that "We are very pleased with the advancement of the CSE in the last 2 years. The market has set records across capital raising, trading volumes and participation alongside significant wealth creation for investors. The CSE is also financially stronger than it has ever been, and I am pleased to hand over my role following the institution’s highest-ever profitability and capital reserves position. Credit for this is due to my fellow board members, management and staff as well as all those stakeholders who collaborated with us including our regulator the Securities & Exchange Commission of Sri Lanka and the stock broking and investor communities.”

Commenting on the appointment of his successor, he further stated “I have had the pleasure of serving as a Director with Dilshan for five years where he has been a critical and energetic member of the board. The board and I have full confidence that he will continue to work with all stakeholders to build on our recent efforts to transform into a modern-day multi- product exchange. I look forward to supporting Dilshan over the next few weeks to ensure a smooth transition."

Mr. Wirasekara thanked both the outgoing chairman for his leadership of the CSE over the last 2 years and the CSE Board for the confidence placed in him. He further stated, “I hope to continue the good progress at the CSE and look forward to working with the Board and the CSE team together with the regulator and the industry to advance our ambitious capital market development plans.”

CSE Chairman Dumith Fernando steps down amidst investor protest Screen84

https://twitter.com/ChronicleLK/status/1518673309667192832?s=20&t=mQ7DPHPJTwqcjUA8RnXeCQ

With this silly and irresponsible response of the CSE Chairman Dumith Fernando, Colombo Stock Exchange (CSE) has becomes the laughing stock market for the foreign investors and journalists. Its funny to say that by closing the market CSE is allowing free market forces to operate. Be realistic man!!! Its time you resign without causing further damage to the overall market without blatantly lying to the international community.

CSE Chairman Dumith Fernando steps down amidst investor protest Fqzgvv10

TAIL EVENT
Tail Event to end this week and market to start next week normal! You are lying to international community including IMF, ADB and other donor agencies!! Your comments will be so damaging to the country which is currently facing its worst economic crisis.

what tail are you talking about? Tail only started to wag only last week and now you are calling it tail event will end in 5 market days! HIKZZZZ!!!! Are you a fortune teller or a henchman!

Whose Tail are you holding Mr Dumith Fernando. All investors will have their tails between their legs next week when market opens. Dumith please resign gracefully!

https://srilankaequity.forumotion.com/t62306-repatriating-dividend-payments-an-issue-for-cses-foreign-investors

ddindika

ddindika
Manager - Equity Analytics
Manager - Equity Analytics

Market should go up!

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum