Prominent members of the Board of Directors of the Board of Investment of Sri Lanka (BOI) have stepped down from their positions, the BOI announced, issuing a statement today.
The BOI said the Chairman, members of the Board of Directors, and the Director-General assumed office with the singular intent of supporting the President’s vision to double Sri Lanka’s GDP.
Unfortunately, the effects of the leadership to achieve this urgently required transformation were strongly and continuously resisted by isolated factions both within and outside the organization, it said.
Meanwhile, a source from the BOI stated that the resignations come in the wake of an internal tussle between a trade union and senior management, and also displeasure over inquiries by the Parliament’s Committee on Public Enterprises (COPE). (NewsWire)
