Monthly Archives: October 2015

Doing Business 2016 and good governance

In this land of miracles Doing Business index is not improving, as anticipated by the people of the country, as per the World Bank rankings for 2016. This is despite the so called ‘yahapalanaya’ (Sinhala translation for good governance) being … Continue reading

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Who is responsible for that Fraud?

Why is it that when there’s a robbery, the neighbors and the household people don’t file action against the police? To extend the hilarious nature of this argument, why can’t a robber or a fraudster sue for not having enough … Continue reading

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RBC for insurers and it’s impact on Governance and ERM

The impact of implementation of Risk Based Capital (RBC) for insurance companies in Sri Lanka, from January 2016 was discussed at the International Insurance Congress on 8 October 2015. I was delighted to be a panelist for the first session … Continue reading

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Why was the Auditor not driving a VW – A Governance issue?

I’m surprised that someone has not asked the most ludicrous question, yet. Why was the auditor not driving a Volkswagen diesel car? If so, he should have known that the software was fraudulent and blown the whistle! Leaving that thought … Continue reading

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