Author Archives: surenraj

About surenraj

“Views expressed are my own”

Does an Audit contribute to Better Governance

Audits are part of the governance process in companies. However, no governance system, however well designed, will fully prevent greedy, dishonest people from putting their personal interests ahead of the interests of the companies they manage. Frauds can be covered … Continue reading

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Convergence of Risk Management and Governance

Risk management is the identification, assessment, and prioritization of risks. Risk management in normal life means that it should be avoided but in corporate life it does not mean the same. It is defined in ISO 31000 as the effect … Continue reading

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Benefits of institutional investors entering the Sri Lankan capital market

It was reported in the news today that the Colombo stock index ended at 6,292.94 on 7 April, its highest close since 14 December 2016. The index has climbed 5.32% in the last nine sessions through Friday. The key reason … Continue reading

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Board Diversity and Shareholder Value

One of the important governance issues facing shareholders, regulators and interest groups seems to be the gender composition of board of directors. But yet, a key driver for good corporate governance should be a positive relationship between board diversity and … Continue reading

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“You needed me” love song for your Auditor.

Independent auditors have been under fire from regulators and the public for over 15 years due to several global scandals and collapse of corporates. This is a very important profession to protect the interests of the shareholders and one that … Continue reading

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Become civilized with GSP (Generalised Scheme of Preferences)

In its report of 9 December 2010, the Committee on Economic, Social and Cultural Rights (CESCR) had observed serious failures to implement the International Covenants on Economic, Social and Cultural Rights, which resulted in the withdrawal of benefits arising from … Continue reading

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Governance framework for ‘Insuretech’ to succeed in Sri Lanka

The word “Fintech” has got on the vocabulary of every manager in financial services sector, even though most of them are just copying some software patches to improve efficiencies in the back office – that should have been there in … Continue reading

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