Wednesday, September 17, 2008

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Companies must follow Dhamma

Priests can improve corporate governance says first prelate-cum director in public listed company

By Uditha Jayasinghe
A priest should be appointed to the director board of every public institution to curb corruption and promote good governance, according to Bonupitiye Nagatissa Thera, the first prelate to be appointed to such a post in Sri Lanka.

Bonupitiye Nagatissa Thera, was recently appointed as a Director to Lanka Cement (Pic by Thushara Dassanayake)

Appointed to the Board of Lanka Cement, the Thera speaking to The Bottom Line expressed confidence that such a move would be ideal to instil transparency and confidence in the corporations within the purview of the government, but was against it extending to the private sector as that might trigger accusations of political partisan and vested interests. “Priests have the power to transcend the hierarchy and work without influence. We must combat corruption on a first hand basis.

That is the most important task that can be done by a patriot. It is not sufficient to elect public servants and politicians; we must take an active role to make sure that they discharge their responsibilities in a fair, equitable and transparent manner. As a priest, I have the power to dispute even the Chairman of this company,” he said.

Questioned whether it was acceptable for a priest to hold such a position he replied, “As long as it is for the benefit of the public and the development of the nation it is acceptable for priests to hold such positions,” but stressed that it should not be with any self interest. He also stated that he had not accepted any salary or perks.

“I have accepted no salary or allowance as payment even though all the posts I have been offered came with perks. I accepted this post with the understanding that there would be no compensation,” he said.

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