Sri Lanka hunts independent directors for state banks

Sri Lanka Pushes for Regional Aviation Alliances and Airport Expansion - LNW Lanka News Web

Sri Lanka is ramping up its efforts to transform into a regional air travel hub by fostering strategic airline alliances and investing in major infrastructure projects, as the country navigates complex political and economic challenges. Positioned at the crossroads of major Indian Ocean flight routes, Sri Lanka offers unmatched geographical advantage to establish itself as a central player in regional aviation. Recognizing this potential, author…

Sri Lanka hunts independent directors for state banks

ECONOMYNEXT – Sri Lanka has engaged a head hunting firm to find independent directors for state-owned banks, the Finance Ministry said, following a cabinet decision. “This initiative aims to strengthen the capacity of the Boards and increase the representation of independent directors, thereby enhancing governance and oversight within these institutions,” the Finance Ministry said in a statement. KPMG Executive Search has been hired to find the …