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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Signs of Good governance under new SEC chief 01 : Media Handling

Signs of Good governance under new SEC chief 01 : Media Handling

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hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
SEC chief has taken a very positive step by authorizing only one person to speak to media. In previous board it was like a SUPER STAR CONTEST. Both previous Chairperson and DG were uttering to media about all wanted and unwanted things. This was gone to as much, they were discussing even about the pricing of shares. Lately we never heard about CSE, always it was SEC. Even the things what we expect from CSE also came from SEC.

http://www.news360.lk/markets/stock-market/sec-chief-introduces-a-new-media-strategy

Sri Lanka‘s Securities and Exchange Commission Chairman Thilak Karunaratne has introduced a new media strategy to the SEC, which he says is aimed at avoiding unnecessary attention to the regulatory body.
He says, under the new strategy only one authorized person will speak to media from the SEC in the future.
According to Karunaratne, in the past, the regulatory body has been getting unnecessary publicity through the media, which he says is not required for the SEC.
The SEC Chairman points out that in future, only the Assistant Director of External Relations and Market Development of SEC will be authorized to speak to the media.
“He will be given the freedom to talk to the media”, added Karunaratne.
The SEC Chief believes this strategy will also avoid room for confusion and disagreements.
In previous administrations of the SEC, Chairman and the Director General, both directly spoke to the media.
However, Karunaratne says, this time around the Chairman will only speak to the media, if it is absolutely necessary.

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