Monday, July 15, 2019
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chartered accountants inducted to CA Sri Lanka hall of fame



serving in various committees at CA Sri Lanka, over the years. He has served as a member of the Research& Development Committee, Auditing Standards Committee, Accounting Standards Committee, Taxation Committee, Strategic Review, Policy Planning & International Relationships Committee, Continuing Professional Education Committee and the Ethics Committee.
Mr. Bandaranayake also served as the Chairman of the Audit and Assurance Committee and the Audit Faculty, and currently serves as Chairman of the Quality Assurance Board of CA Sri Lanka.
Mr. Jayaratne who was also inducted to the CA Sri Lanka Hall of Fame for 2016, is a fellow member of the institute who has played a remarkable role in both the public and private sectors in the country, and currently serves as Chairman of both Kia Motors and of Colonial Motors. He is also a non-executive director to 10 public listed companies including Overseas Realty, Colombo Fort Land & Building Co, ACL Cables, C. W. Mackie and Kotagala Plantations, and serves as Chairman of the audit committees to most of these companies.
During his early days in Sri Lanka, Mr. Jayaratneworked at Ford Rhodes Thornton & Co, now known as KPMG, and joined Forbes & Walker Ltd as an Accountant, where he progressed to become Director and then Chairman of the company. He also served as Chairman of the Ceylon Chamber of Commerce and the Colombo Stock Exchange. It was during his tenureas Chairman of the Colombo Stock Exchange that the much heralded Central Depositary System was initiated.
Mr. Jayaratne was also appointed by former President J. R. Jayewardene as the first Chairman of the Finance Commission from 1988 to 1996. Subsequently, as a result of his significant contribution to the private sector and the stock market in particular, former President Ranasinghe Premadasa conferred the title of Deshabandu on MrJayaratne.
He also served as Sri Lanka’s High Commissioner to Singapore and Sri Lanka’s Ambassador to Brunei. Mr. Jayaratne has also served in various capacities in the public and private sectors, and he was also the Director of Central Finance, Singer, DFCC Bank, Glaxo and Lanka Hospitals Ltd of which he was the Chairman. In the public sector, he served as a Director of the Ceylon Petroleum Corporation, State Development and Construction Corporation and the Peoples Bank.

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