Related party transactions committee

Related Party Transactions Committee: Sri Lanka Cricket (SLC) has carried out amendments to its constitution to foster good governance, transparency, inclusivity, and efficiency in its management structure. The SLC membership carried out the amendment to the Constitution at an extraordinary general meeting held on Friday.

Among the notable changes is a substantial reduction in the total number of voting members from 147 to 60. The new voting structure ensures that voting rights are determined solely based on the level of cricket played by each member club, with all qualified clubs and associations being entitled to only one vote. This marks a pivotal step towards equitable representation and streamlined decision-making, the SLC informed in a release on Friday.

"Further, in order to strengthen transparency in financial management, the membership unanimously approved the establishment of the Audit Committee, Investment and Budget Committee, and Related Party Transactions Committee," the release said.