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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » CPC Board resigns; new Chairman appointed

CPC Board resigns; new Chairman appointed

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K.Haputantri

K.Haputantri
Co-Admin
CPC Board resigns; new Chairman appointed

Adaderana August 10, 2012 11:48 am

A new Board of Directors and Chairman have been appointed to the Ceylon Petroleum Corporation (CPC) due to four members including the Acting Chairman resigning, the Ministry of Petroleum Industries said today.

The new Chairman of the CPC Tilak Collure and Director Board members Susantha Silva, Hans Wijesuriya and Nalin Pathikirikorale were appointed by Petrolium Minister Susil Premajayantha today (Aug 10).

Acting Chairman Dayananda Vidanagamachchi and Director Board members Lakshman Gunawardena, Methsiri Abeygunawardena and Champika Amarasekara have resigned, the Ministry said.

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
As expected.

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Review of policy & procedures is must from scratch with strong & independent internal audit. Operational process is to be designed & monitored in such a way to correct the any deviation from standard at the shortest time. Let the chairman & board of directors be responsible jointly & severally for any losses arisen from malpractices. Keep the invisible & dirty political hands at distant to recover accumulates losses.....

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Many frauds happened, Some boards were resigned, some remained shamelessy, Some got promotions, Some got Diplomatic Service jobs. But unfortunately no one was prosecuted and no one went to jail so far.General Public has to bear the burden. This is what is called "Lack of Accountability". This is applicable to entire government sector.

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
@WildBear wrote:Many frauds happened, Some boards were resigned, some remained shamelessy, Some got promotions, Some got Diplomatic Service jobs. But unfortunately no one was prosecuted and no one went to jail so far.General Public has to bear the burden. This is what is called "Lack of Accountability". This is applicable to entire government sector.

Miracle of Asia.

Malika1990

Malika1990
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
This is only heads changing magic. There are no any punishments for offenders. History proves that what will happen in future.

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Redbulls wrote:
@WildBear wrote:Many frauds happened, Some boards were resigned, some remained shamelessy, Some got promotions, Some got Diplomatic Service jobs. But unfortunately no one was prosecuted and no one went to jail so far.General Public has to bear the burden. This is what is called "Lack of Accountability". This is applicable to entire government sector.

Miracle of Asia.

Funny thing is Minister of CPC still believes he has nothing to do against any of these.. Evil or Very Mad

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
The broomstick in our house is much worth than these cabinet ministers.

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I think making them to resign is itself a punishment but the problem is, Is it adequate ?

On the otherhand atleast we can be happy that they have not been promoted but demoted.Corruption,bribes etc can not be eliminated in forthnight.

K.Haputantri

K.Haputantri
Co-Admin
No board either new or brand new will be able to perform as we expect them to perform under the present circumstances. Take for example the undue influence being exerted on the CSE to fall in line with politically influencial few manipulators. Also read http://forum.srilankaequity.com/t21317-why-he-fled-public-service#130579 to find out the extent of corruption going on and what happen to those who do not fall in line.

KAROSH9


Equity Analytic
Equity Analytic
This is called paper magic. All is done at the top and when exposed board has to pay for the sin. Minister is good for run a Montessori not CPC who acts like thoththa baba!

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