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ANALYSIS OF CORPORATE

DISCLOSURES
Contents

TEAM
1 Introduction William Gabriel Paul
2009/MBA/WE/HRM/13

2 Evolution of Corporate Governance R.P.U Sandarenu


2009/MBA/WE/MKT/19

3 Our Work W.A. S Wanigasundara


2009/MBA/WE/MKT/27

R.S Karunarathne
4 Methodology 2009/MBA/WE/MKT/30

Sakisan S
5 Conclusion & Discussion 2009/MBA/WE/MKT/32
Introduction
 Term ‘governance’ derives from the Latin
gubernare, meaning ‘to steer’
 Corporate Governance (CG)
 The way in which companies are directed and
controlled
 Transparency and accountability
• The timely provision
• A clear and credible process
• Considered judgements
Key Functions

Helping key institutions for preventing


fraud and corruption

Helping Financial stakeholders to


have access to accurate financial
disclosure and information.

Effective tool for promoting better


business standards, regulation and
transparency.
Strengthening the investment
environment

Respond to the process of


privatization

To pave the way towards a world class


business organization via
Standardization, Documentation,
Knowledge Management and Business
Rule establishment
Evolution of CG in SL

 In 1993 Financial Sector Reformed Committee


 In 1997 Initiated by Institute of Chartered
Accountants of Sri Lanka (ICASL)
 Supported by
 Colombo Stock Exchange
 Securities & Exchange Commission
 Ceylon Chamber of Commerce
 Institute of Directors of Sri Lanka
 In 2003 Revision to the Corporate Governance
Code of 1997
Evolution of CG in SL
Financial Sector Reformed Committee
1993

1997 Corporate Governance code of 1997 Initiated by ICASL

Revision to the Corporate Governance Code of 1997

2003
Supported by
Text • Colombo Stock Exchange

• Securities & Exchange Commission

• Ceylon Chamber of Commerce

• Institute of Directors of Sri Lanka


Our work
 Chose Companies in Service sector

 Analysis of Corporate disclosures & Sustainable


reports
 fdkfjd
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