The amendments to Sri Lanka’s Companies Act were made to improve transparency by requiring companies to disclose the real people behind large shareholdings.
Nihal Jayawardene (President’s Counsel), Shivandini Liyanage of the Colombo Stock Exchange, and Disna Perera of Deloitte Sri Lanka explain the context behind the original law and the forces that brought about the recent change: global compliance demands, governance gaps, and the need for greater transparency in company ownership.
An Echelon brand partnership with Deloitte
