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In both scenarios the risks and rewards The variety of SOEs in Sri Lanka raises the question: of ownership are borne by the state, and in the how large a role does the government play in business? event of losses, the state will be expected to bail out the enterprise. [...] In the case of the state banks it to SOEs take place without the approval of is even possible for the minister to exercise the Management Services Department of the patronage by directing lending on preferred terms Treasury. [...] THE STATE OF STATE ENTERPRISES IN SRI LANKA - 2019 27 “Arbitrary nature of the subsidiary and sub subsidiary companies operating under the Ceylon Electricity Board and their lack of responsibilities to the Board The Committee undertook a study on the members of the Boards of Directors of 20 subsidiary companies operating under the Ceylon Electricity Board and observed that the same person represen. [...] For example, the Committee observed that the Chairman of the Ceylon Electricity Board is a member of Boards of Directors of 6 subsidiary companies which enables him to take different positions in regard to the same issue thus jeopardizing the main aim of the Board which is providing electricity to the consumers at an affordable price. [...] Drugs later the said sum would be borne either by the Treasury found to be substandard are issued to patients or the Institute of Sri Lanka Cricket, the sum had been owing to the delays in testing samples prior to the accounted in the fi nancial statements of the Authority distribution of the same.