(English)


Chairman   -   Mr. Uditha Harilal Palihakkara

MBA(Aston), PG Dip Econ Dev(Col), PG Dip Int’l Affairs (BCIS), J Dip MA(UK), FCA(SL), FCMA(UK), CGMA, FCCA(UK), FIM(SL), ACCS(SL), APB(SL)

chairman U.H. Palihakkara is a Chartered Accountant, Investment Banker and Management Consultant with over 40 years of professional experience. He holds a MBA from the Aston University, Birmingham UK, where his dissertation was awarded the Best Management Thesis of the year by the British Institute of Management in 1981.

During his professional career, he has held leadership positions in several Public and Private Sector establishments including the Ceylon Electricity Board, Development Finance Corporation, the People’s Merchant Bank, the Merchant Bank of Sri Lanka, Acland Insurance Ltd., the Securities Council of Sri Lanka, the National Enterprise Development Authority and the Postgraduate Institute of Management. In addition, he had served as a Financial Management Specialist in the Commonwealth Secretariat (CFTC), UK. He had also worked in a number of programmes and projects funded by the World Bank (WB), the Asian Development Bank (ADB), the African Development Bank (AfDB), the International Fund for Agricultural Development (IFAD) and the European Development Bank. His Professional Highlights include: President – The Organization of Professional Associations (OPA) of Sri Lanka. President – The Institute of Chartered Accountants of Sri Lanka President – The Chartered Institute of Management Accountants UK (Sri Lanka Branch) President – The Association of Chartered Certified Accountants (UK) (Sri Lanka Branch) In recognition of services, he was inducted into the Hall of Fame of Chartered Accountants of Sri Lanka. In 2014.

In 2016 National Apex Awarded to him in recognition of outstanding contribution to the profession and the nation by the Organization of Professional Association of Sri Lanka.


Ex Officio Member   -   Prof. W.D. Lakshman,  Governer Central Bank




Ex Officio Member   -  Mr. S.R. Attygalle




Member   -   Prof. M.M. Zafrullah

prof.safarulla Prof. Hareed Mohamed Zafrullah holds a LL.B. (Hons) degree from the University of Colombo (First in Order of Merit) and a LL.M. degree from Monash University, Australia. He is an academic and practitioner of the law. He is a lawyer of International repute in the areas of Public Law, Banking and Commercial Law. He has the distinction of teaching law in five Common Law jurisdictions. He has the distinction of teaching law to both law and non-law students at the undergraduate and post-graduate levels at the University of Colombo, Mannix College, Monash University, University of Malaya, National University of Singapore, Nanyang Technological University, Singapore and the City University of Hong Kong. He has extensive publications to his credit, He is the author of the first serious study on the present Constitution of Sri Lanka.


Member     -      Mr. Velupillai Kanagasabapathy 

kanakasapapathiy Mr. V. Kanagasabapathy holds a Master’s Degree in Public Administration from Harvard University, U.S.A. and is a Fellow Member of the Institute of Chartered Accountants of Sri Lanka, Association of Public Finance Accountants and Institute of Certified Management Accountants of Sri Lanka. He is also a member of the Chartered Institute of Public Finance Accountants (CIPFA) London.

He is presently the Advisor, Hotel Developers (Lanka) PLC (Fully owned Government Company owning Hilton Colombo). He is also the President of the Association of Public Finance Accountants, the public-sector wing of the Institute of Chartered Accountants of Sri Lanka.

He serves as a Chairman of the Public-Sector Accounting Standards Committee and serving as a member of the Governmental and public-sector Enterprise Accounting Committee of the South Asian Federation of Accountants.

He is a Council Member of the Institute of Chartered Accountants of Sri Lanka and serve as a member of the Council of Management of the University of Jaffna. Mr. Kanagasabapathy was the Financial Management Advisor to the Ministry of Finance & Planning and Senior Financial Consultant of the Academy of Financial Studies. He has over fourty years of service in the public sector in several senior capacities and retired as Director General of Public Enterprise in the Treasury. He also served as a Financial Management Reform Coordinator in the Ministry of Finance & Planning.

He served as a member of the Board of Bank of Ceylon, People’s Bank, Merchant Bank of Sri Lanka, State Mortgage & Investment Bank and several other Public Enterprises. He has also served as a Director/Financial Consultant of the Associated Newspapers of Ceylon Limited and executive Director of Hotel Development (Lanka) PLC.