“Whilst in law, and on paper, a board is superior in rank to management, it is important that a board must never make the management feel inferior. Directors and executives must cohabit on a platform of collaboration, trust, and respect. The board-management relationship must be positioned as a value creating partnership where the board is […]
Is excessive board interference killing executive spirit? Read More »
The corporate centre of a conglomerate can be value accretive or value destructive to the conglomerate “The best parent companies are those which create more value than any other rival if they owned the same business. Such businesses are deemed to have parenting advantage. In the same way that business strategy gives rise to competitive
Corporate head office – creator or destroyer of value in a conglomerate Read More »
Policymakers must determine the level of full capacity national output in understanding the state of the economy and in making informed decisions regarding monetary and fiscal policies The Sunday Times of 28 April 2024 reported that plans are underway to lift the restrictions on the import of motor vehicles because a committee of Treasury Officials has
Limiting Factor Analysis crucial in decision making amidst resource constraints Read More »
The bottom line is that boards in Sri Lanka are too ‘old school’ and this is hampering Sri Lanka’s march to a new world economy, an economy which is personified by a shift from a manufacturing and commodity base to one which leverages technology in creating products and services at rates which could never be
Sri Lanka needs younger directors – those who are wonderfully weird than dreadfully dull Read More »
Sri Lanka will not escape its economic and social doldrums until we, the citizens of this country, demand accountability of our national leaders and public officials as a part of our constitutional right. Acts, directives, regulations, laws, policies and procedures are of little, or no, value if they are not applied and enforced. In a
Demanding accountability of national leaders is a citizen’s right Read More »
Sri Lanka is currently in the throes of economic and political turmoil. I believe that what we need immediately is a shared vision. Even if we improve our foreign reserve and debt situations through an infusion of IMF funding, IMF driven reforms and debt restructuring, sustainable development can only be achieved through all the stakeholders
Integrated Performance Management: A must in an organisation’s arsenal Read More »
Avoiding the pitfalls and confronting the biases The Daily FT met up with Coach, Mentor and Consultant Ronnie Peiris, to understand the contents and context of the workshop he will be conducting on ‘Capital Budgeting – the Investment Decision’ on 2 November at the Cinnamon Lakeside (www.ronniepeiris.com). He highlighted the following based on his 45+ years’ experience
“Investment decision is crucial in this heated economic environment”: Ronnie Peiris Read More »
Great leaders not only take responsibility for their decisions and actions but also assume responsibility for the decisions and actions of those who directly, and indirectly report to them. Even if specifically unsaid, they acknowledge, through both word and deed, that such is the expectation which goes with the post. It is a principle which
A good leader knows where the buck stops Read More »
Though theoretically, the voting citizens are the master, they are virtual slaves of the very master they elected As Sri Lanka struggles to contend with the economic and social impacts of COVID-19, there is a growing view that the situation could have been significantly better had there been more decisiveness and transparency at a national
The Daily FT met up with Ronnie Peiris, Coach, Mentor and Consultant, in understanding the contents, and context of the workshop he is conducting on ‘Capital Budgeting – the Investment Decision’ on 27 October at the Cinnamon Lakeside (see www.ronniepeiris.com). He highlighted the following based on his 45 years of experience in projects ranging from $ 1 billion to $ 5 million
The investment decision is so crucial; avoiding pitfalls and confronting biases Read More »
