Colombo, Sri Lanka – 24 August 2026
Capital Alliance PLC (CAL), a prominent player in Sri Lanka’s financial sector, has announced the reconstitution of its Board Sub Committees, effective from August 21, 2026. The changes, communicated to the Colombo Stock Exchange (CSE) by the company’s corporate secretaries, S S P Corporate Services (Private) Limited, reflect a strategic adjustment in its corporate governance framework.
Key Appointments and Resignations
The significant update involves the appointment of Mr. W. A. T. Fernando, a Non-Independent Non-Executive Director, as a member of two crucial Board Sub Committees. This decision was based on the recommendation of the Board Nominations & Governance Committee and subsequently approved by the Board of Directors via a Circular Resolution adopted on August 21, 2026.
Mr. Fernando will now serve as a member on both the:
- Nominations and Governance Committee
- Remuneration Committee
Concurrently, the company also informed the CSE of the cessation of Mr. D. A. De Zoysa from the aforementioned Board Sub Committees. This change follows his resignation from the Board of Directors, also effective from August 21, 2026.
Revised Committee Compositions
Following these changes, the composition of Capital Alliance PLC’s key Board Sub Committees is as follows, effective August 21, 2026:
Nominations & Governance Committee:
- Ms. K. A. D. Siriwardene: Independent Non-Executive Director (Chairperson)
- Ms. A. I. C. Nandasena: Independent Non-Executive Director (Member)
- Mr. W. A. T. Fernando: Non-Independent Non-Executive Director (Member)
Remuneration Committee:
- Ms. A. I. C. Nandasena: Independent Non-Executive Director (Chairperson)
- Ms. K. A. D. Siriwardene: Independent Non-Executive Director (Member)
- Mr. W. A. T. Fernando: Non-Independent Non-Executive Director (Member)
These adjustments underscore Capital Alliance PLC’s ongoing commitment to robust corporate governance and strategic oversight. The reconstitution ensures that the committees are optimally structured to provide effective guidance and supervision, aligning with best practices in corporate management.
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