Browsing by Author "Thilakarathna, K.A.A.N."

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Duties of Directors in Relation to Corporate Governance in Sri Lanka: Its Adequacies and Weaknesses.
(In: Proceedings of the International Postgraduate Research Conference 2017 (IPRC – 2017). Faculty of Graduate Studies, University of Kelaniya, Sri Lanka., 2017) Thilakarathna, K.A.A.N.
The concept of corporate governance can be defined simply as how companies should be managed. The Companies Act No 07 of 2007 made significant changes to the then existing company law legislation and departed from the roots of the English Law that was the basis of our company law up to then. With the introduction of new Companies Act, the legislators were able to encapsulate the conceptual framework to have in place a better mechanism for having a good system of corporate governance. This helped to better facilitate the growth of corporate governance. With regard to corporate governance, the board of directors plays a vital role. They are responsible for the management of the company. They are entrusted with the capital of the shareholders. As there is a division between the ownership of the assets and its management the concept of corporate governance helps to balance out the conflicting interest that the parties may have. The Act has recognized recognized many duties and obligations, which were not recognized under earlier laws and specially those relating to solvency and serious loss of capital. To further emphasize the matter listed rules that applies for a listed company in the stock exchange, corporate governance is made mandatory on an apply or explain basis. However, there are still shortcoming in the system as well. Since a company has got the opportunity to give an explanation as to why it has been unable carry out any aspect of corporate governance the adequacy of such explanations may be problematic as there is no guideline to measure the suitability of the explanation. Further, since the compliance is restricted to clicking the box the actual value of the corporate governance is not directly show in account and figures of a company and since it has been found that the share price and the corporate governance does not have much relationship with one another, the value of corporate governance is not emphasized to the potential investors. This articles examines how the newly imposed duties and obligations of the directors in the Companies Act of 2007 helps in establishing a better system of corporate governance and the adequacies and the inadequacies of the system.
The impacts of the television on G.C.E (O/L) Examination results of the school children in Sri Lanka.
(Department of Library and Information Science, University of Kelaniya, Sri Lanka, 2023) Kumara, M.R.S.; Thilakarathna, K.A.A.N.; Wijesuriya, M.W.A.D.N.; Weerasinghe, M.K.
Television is a medium that has made such an impact on human society and the world that we are always creating metaphors to describe its role and place as a communicator. Although it is indeed correct to view television as a “Window to the world," a fitting metaphor that relates most closely to the thrust of this book is to also see it as an audiovisual tapestry on which is being woven a complex and ever-changing national and international set of images that are hung on the small screen for all to see. In accordance with the aforesaid fundamental reveals, grass-roots evidence-based studies are important to human beings towards the perspective of the true-to-type impacts of watching television. The present study has made an attempt to investigate the impact of the television on the G.C.E. (O/L) examination results of the school children in Grama Niladari Division 574, Mampe-West, in the Piliyandala Divisional Secretariat of the Colombo District in Sri Lanka. The study mainly used sample surveys. The stratified sampling method has been used for the study. Size of the sample: 50 children. Data was analyzed in the respondent with the help of questionnaires. The collected data was analyzed by the computer using the statistical package for social sciences. This empirical study highlights the evidence-based relationship between the number of hours devoted to watching television and the G.C.E. (O/L) examination results, and it introduces the attitudes of the school children on the impact of watching television on their educational achievement. Further, it presents information about the parent’s attitudes towards their children watching television and their educational achievements. According to the findings of the research, it has been debated that the majority of examination failures have watched television for more than three hours per day. This finding provides clarification that children who watch television more than three hours per day have lower examination results. It has been examined that there is a relationship between the number of hours devoted to watching television and the examination results. The majority of children's attitudes were that watching television has been less helpful to their examination results. On the other hand, the majority of parents' attitudes were that watching television has both positive and negative impacts on their children's educational achievements. There is no doubt that these research findings may be helpful for parents and children to genuinely understand the impacts of watching television programs on educational achievements.
Liberalizing Abortion Laws in Sri Lanka: Prospects and Challenges
(4th International Conference on Social Sciences 2018, Research Centre for Social Sciences, Faculty of Social Sciences, University of Kelaniya, Sri Lanka, 2018) Thilakarathna, K.A.A.N.; Major Mendis, H.S.D.
Abortion is legally defined as the removal of the fetus from the uterus any time before its gestation is completed. The law governing abortions in Sri Lanka is contained in the Penal Code Ordinance No 02 of 1883. According to section 303 of the code, abortion is only permitted when carried out for saving the mother’s life. Sri Lanka is found as one of the countries with the most restrictive laws on abortions in south Asian region along with Afghanistan. However, even with these restrictions it is estimated that, Sri Lanka has one of the highest abortion rates in the world. The penal laws enacted in the colonial times and those relating to abortions were tried to be reformed several times including the most recent initiative taken by the law commission of Sri Lanka in 2013 when they proposed rape and foetal impairment as two further grounds for obtaining a legal abortion. However, no actions have been taken still regarding the liberalization of the provisions pertaining to abortions and this has resulted in women who are living with low income levels being unable access public medical care facilities for obtaining an abortion on permitted grounds due to the restrictiveness of the law. Using a qualitative method this research is formulated to find out the respective prospects and challenges that lie ahead in liberalizing the laws relating to abortions. At the initial inquiry it is found that, the religious and cultural structure of the country has strictly opposed any liberalization and this has negatively affected the political will of the rulers in bringing these changes. The biggest fear has been that, the liberalization will result in a sudden increase in the number of abortions. However, results elsewhere have shown that, liberalization does not increase the abortion rates but helps to reduce the number of fatalities which results from unsafe illegal abortions. The liberalization of the abortion laws has become both a contemporary and a necessary change for the protection and enhancement of the rights of women and their autonomy.