The Hon. Ravi Karunanayake
Ravi Karunanayake acknowledged the response given and contrasted deteriorated financial discipline before 2022 with improvements under the new Board and CEO Russel Fonseka appointed in 2022–2023. He asked whether the fall and subsequent recovery in return on equity was accepted, and whether the causes related to administrative costs or staff competencies and efficiency issues.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Mr. Speaker, thank you for the detailed answer. It appears that prior to 2022, financial discipline had deteriorated, and that the new Board appointed in 2022–2023 together with CEO Russel Fonseka has restored discipline. Do you accept that ROE fell sharply and is recovering? Is this due to administrative costs or to staff competencies and related efficiency issues?
Provenance
- Source
- Hansard, Thursday, 23 January 2025 ·No. 1738314169039521 ·English daily/uncorrected Hansard
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Cite as: The Hon. Ravi Karunanayake. 10th Parliament, Parliament of Sri Lanka. Hansard, 23 January 2025. No. 1738314169039521. Politick, https://staging.politick.io/lk/speeches/10467