Last Updated : 15 August 2012
Board of Directors
The Board of Directors of the company comprise of three Non Executive Independent Directors, Two Non Executive Directors and one Executive Director who functions as the Chief Executive Officer. The members of the Board are from diverse disciplines with strong business acumen.
Dr. D C Jayasuriya (President's Counsel)
Chairman (Independent Non-Executive Director)
Dr. Dayanath Jayasuriya (LLB (Ceylon); Ph.D. (Colombo); Fellow - International Compliance Association (U.K.); Hony Fellow - Society for the Advanced Study of Law (U.K.); Member -Singapore Institute of Directors). In 1974 he joined the Attorney-Generals’ Department and was a Senior State Counsel until 1983. Thereafter till 2000 he worked for the United Nations and its specialized agencies in Geneva, Vienna, New Delhi and Bangkok. Returning to Sri Lanka in 2000 he was appointed as the Director General and CEO of the Securities and Exchange Commission (SEC) and the Insurance Board of Sri Lanka (IBSL). In 2003 he was appointed to head the UNAIDS Secretariat in Islamabad and in 2004 he was made the Chairman of the SEC and IBSL. Dr. Jayasuriya is the Founder Chairman of the South Asian Insurance Regulators’ Forum. In 2005 he served as the Chairman of the International Organization of Securities Commissions (IOSCO) President’s Committee and and guided the adoption of a number of key changes to the mandate of IOSCO.
Currently he advises a number of firms and is the Managing Partner of Corporate Governance Advisory Services Pte. Ltd., a consultancy firm registered in Singapore. From 2005-2013 he was a Director of the International Financing Facility for Immunization Co. Ltd. (U.K.), the third largest charity in the U.K. and a member of its audit committee. In Sri Lanka, Dr. Jayasuriya has served as a Director of the Public Utilities Commission, the Public Enterprises Reform Commission, the Accounting and Auditing Standards Monitoring Board, the National Procurement Agency and as a Trustee of the Construction and Guarantee Fund.
Dr. Jayasuriya has been a Visiting Scholar at Harvard University and has lectured at many leading universities including Oxford University, Cambridge University, London University, Georgetown Law School, Delaware Law School, McGill University and the University of Sydney. He has served as a Visiting Professor of Mercantile Law at the University of the Free State, South Africa. He has written more than 20 books, 25 monographs and published over 200 articles. He is on the editorial advisory board of 5 leading law journals published in the U.K.
Mr. Prakash A Schaffter
Mr. Prakash Schaffter is the Managing Director of Janashakthi Insurance PLC. He is a Fellow of the Chartered Insurance Institute and counts industry experience of over two decades in the United Kingdom and Sri Lanka, complemented by a thorough knowledge of international insurance practice.
He possesses a Bachelor’s Degree in Political Science from the University of London and a Masters in Business Administration from the University of Cambridge. He is also the President of the Insurance Association of Sri Lanka (IASL) having served on the Committee for several years. He has also been a part of consultative committees on various industry related matters.
He was a part of the core team that founded Janashakthi Insurance and was initially Deputy General Manager Finance and Administration before being appointed General Manager. In 1998 he was appointed to the Board of Janashakthi Insurance as Director/General Manager and was instrumental in the acquisition and subsequent amalgamation of the business of National Insurance Corporation Limited.
He has played cricket at a high level, having represented both Cambridge University and London University. He was also the Secretary of the Interim Committee which governed Sri Lanka Cricket until recently. He is the Immediate Past President of the Tamil Union Cricket & Athletic Club, at which Club he has served as a Committee Member since 1992.
A versatile personality with over two decades experience in Finance & Marketing, he is a Fellow Member and former Council Member of the Chartered Institute of Management Accountants Sri Lanka division and an Associate member of the Chartered Institute of Marketing. Having served as Secretary to the Board of Janashakthi Insurance since the inception of Janashakthi Insurance in 1994 he was appointed to the Board of Janashakthi Insurance in 2004. He has also served on the Boards of several public listed and unlisted companies.
An accomplished public speaker he is a multiple award winner at National and International level Toastmasters’ contests. He is the Vice President of the Tamil Union Cricket & Athletic Club and is the incumbent President of Habitat for Humanity Sri Lanka, a NGO engaged in providing housing for low-income families. He has founded Swarga TV and Swargam TV which are television channels carried on a cable TV platform in addition to Christian Arts Foundation(Chraft) an organisation which promotes music and drama.
Mr. Ananda W Atukorala
(Independent Non-Executive Director)
Mr. Atukorala possesses extensive experience in banking both in Sri Lanka & Overseas. He has served as Deputy General Manager, ANZ Grindlays Bank; Country Manager Sri Lanka, Mashreq Bank PSC and was a former advisor to the Ministry of Policy Development & Implementation.
Presently, he serves as an Independent Non-Executive Director of United Motors Lanka PLC, UB Finance Company Ltd., Pragnya Tech Parks Lanka (Pvt.) Ltd, Saphron Solutions (Pvt.) Ltd.., Arni Holdings and Investments (Pvt.) Ltd. and Unawatuna Boutique Resort Pvt Ltd.
Mr. Atukorala had also served as a Member of the Technology Initiative for the Private Sector - an USAID sponsored project with the Ministry of Industrial Development. He is also a Working Committee Member - Commercial Banking Sector - Presidential Commission on Finance and Banking, Committee Member - Banker’s Club of Sri Lanka and a Former Director - Sri Lanka Banks Association (Guarantee) Ltd. and CRIB - Credit Information Bureau of Sri Lanka. He holds a B.Sc (Leeds, UK) , MTT (North Carolina, USA) and a MBA.
Mr. Anil Tittawella (President’s Counsel)
(Independent Non-Executive Director)
Mr. Anil Tittawella is a President’s Counsel and had a varied professional career with a wide range of subjects both in terms of litigation and under other dispute resolution mechanisms. His expertise is in civil and commercial law litigation, alternate dispute resolution mechanisms, legal documentation, drafting, negotiation, mergers and acquisitions, corporate legal matters and legal due diligence. Some of the countries that he has represented his clients in are Pakistan, South Korea, Hong Kong, Sweden, UAE, Thailand, Singapore, England, USA, India, Mauritius, New Zealand and Switzerland.
Mr.Tittawella has been a member of the Bar Association of Sri Lanka Committee on Company Law Reform (1995-1996), member of the Ceylon Chamber of Commerce Committee on Company Reforms (1993), Member of the Sri Lanka Swedish joint Legal team to formulate the new Arbitration Act of Sri Lanka (1994-1997). He was also the Legal Consultant to the Airport and Civil Aviation Authority of Sri Lanka (1994-1997) and the founder member of the Institute of Commercial Law and Practice in Sri Lanka (1995). Mr. Tittawella also functioned as a commission member of the Securities and Exchange Commission of Sri Lanka from 2000 to 2002 and was also a Member of the Insurance Board of Sri Lanka from 2001 to 2002. He is a Member of the Bar Association of Sri Lanka and the Colombo Law Society.
Mr. Tittawella is an Attorney–at-Law of the Supreme Court of Sri Lanka and holds Solicitors (final) Examination of the Law Society of the United Kingdom and Masters in Law (Hons) University of Waikato, New Zealand.
Mr. Sarath Wikramanayake
Mr. Wikramanayake is a Chartered Accountant. He has worked with the Bank of Butterfield, a Bermuda-based international bank for 19 years, where he reached the position of Executive Vice-President.
Since returning to Sri Lanka, he has been the Chief Executive Officer of Union Assurance Limited and the President of the Insurance Association of Sri Lanka in 2002. Mr. Wikramanayake has also served as; a Council Member of the Chamber of Construction Industry, Chairman of the Insurance Sub-Committee of the Ceylon Chamber and Member of two Sub-Committees in a Governmental Financial Sector Reforms initiative.
He is currently engaged in providing consultancy services to the Financial Services and ICT Industries.
Mr. Wikramanayake serves as Director of two other listed companies, viz., National Development Bank PLC and NDB Capital Holdings PLC. He is currently the Chairman of the NDB Investment Bank and NDB Wealth Management Limited. He also serves on several other Boards of Directors.
(Independent Non-Executive Director)
Mrs. Gunatilake possesses 28 years of executive experience at the Central Bank of Sri Lanka, which she began as an Economist in 1979. She served in the Economic Research Department (as an Economist and later as a Senior Economist) up to 1991.Since then; she served in the Banking Department of the Central Bank. In 1996, she was promoted as a Deputy Director of Economic research and in 2000 she was appointed an Additional Director of Economic Research. In 2001, she was appointed the Director of the Department of Supervision of Non- Bank Financial Institutions. She held this position up to her retirement in 2007. She was a Member of the Financial System Stability Consultative Committee of the Central Bank from January 2008 to June 2011.
Mrs. Gunatilake is a Fellow and an Associate Member of the Institute of Bankers of Sri Lanka and she holds a B.A (General) with Economics as a subject from University of Peradeniya, B.A (Hons) in Monetary Economics from University of Peradeniya, M.Sc in Agricultural Economics from University of Peradeniya and M.A in Economics from University of Manchester, UK.