CIMA suspends its Sri Lanka Divisional Council

12 December 2008

The decision has been taken today to suspend the Sri Lanka Divisional Council with immediate effect. This was decided collectively by the CIMA Council, the Institute's governing body, after considering the recommendation of an independent review.

A consultative body of at least three members in Sri Lanka is to be appointed by the President and other Honorary Officers of CIMA to advise on the affairs of the Sri Lanka Division during the suspension period.

Glynn Lowth, President of CIMA, commented: 'CIMA's commitment to its Division in Sri Lanka remains as strong as ever. However the well established success of CIMA in Sri Lanka has been put at risk due to some failures of governance within the Sri Lanka Divisional Council and by a lack of adherence to CIMA's global strategic goals and rules.

'Business will continue as usual and there will be no impact on the service that our stakeholders receive. Members, students and employers will be unaffected by this decision. We will continue to build and maintain the reputation of our internationally recognised qualification in Sri Lanka for the benefits it provides to those who chose to take the qualification.'

- Ends -

For press enquiries only, please contact:

Victor Smart
Head of Communications, CIMA
Email: victor.smart@cimaglobal.com; direct tel:+44 20 8849 2254; mobile:+447525732876
fax:+44 20 8849 2454; switchboard:+44 20 7663 5441