Membership Categories – SLID -The Sri Lanka Institute of Directors

Ordinary Member Entrance Fee & Subscription Fee – Rs. 40,000/-

Annual Subscription Fee – Rs. 15,000/-

Eligibility

A Form 20 Director of a Private or Public Sector Company, incorporated in Sri Lanka shall be eligible to join the Institute as an Ordinary Member.

Associate Member Entrance Fee & Subscription Fee – Rs. 30,000/-

Annual Subscription Fee – Rs. 10,000/-

Eligibility

- A partner of a professional practice, recognized by the institute and registered in Sri Lanka.
- A sole Proprietor or a Partner of an incorporated/unincorporated business, registered in Sri Lanka.
- A Senior Manager of a Private or Public Company or Partnership incorporated in Sri Lanka, reporting directly to a Director, Partner or Proprietor.
- An academic at the level of Professor or equivalent.

Affiliate Member Entrance Fee & Subscription Fee – Rs. 23,000/-

Annual Subscription Fee – Rs. 8,000/-

Eligibility

- - A person interested in the affairs of the Institute and holding a managerial position and aspiring to be a Director.
  - Full-time students at a recognized university, or equivalent, with no management experience studying for a Postgraduate qualification.

CURRENT SLID MEMBERS WILL BE ELIGIBLE TO RECEIVE THE FOLLOWING MEMBER STATUS

Graduate Member

A Graduate Member of the Institute shall mean an Ordinary Member who has received a certificate of completion of the Company Director Training Program conducted by the Institute from time to time.
A Graduate Member who is not in arrears of subscription fees shall be entitled to attend Membership Meetings of the Institute.
A Graduate Member shall be entitled to vote at any Membership Meeting of the Institute and be eligible for election to the Council of Members. A Graduate Member shall have one vote at Membership Meetings.
A Graduate Member in good standing and not in arrears of subscription fees shall be entitled to use the Post Nominal of GSLID.

Fellow Member

A Fellow Member of the Institute shall be entitled to this status by one of the following three methods:

By Standard Method: A Graduate Member who has been a Member for five (5) consecutive years
By Exemption: An Ordinary Member who has been a Member for ten (10) consecutive years.
By Special Invitation: A Member who has been invited by the Council on the basis of special experience, exposure and skill when measured against standards established by the Council from time to time

A Fellow Member who is not in arrears of subscription fees shall be entitled to attend Membership Meetings of the Institute.
A Fellow Member shall be entitled to vote at any Membership Meeting of the Institute and be eligible for election to the Council of Members. A Fellow Member shall have one vote at Membership Meetings.
A Fellow Member in good standing and not in arrears of subscription fees shall be entitled to use the Post Nominal of SLID.

Life Member

A Life Member of the Institute shall include an Ordinary Member, Graduate Member, or Fellow Member who has been accepted as a Life Member at the discretion of the Council taking into account the special contribution made by such Member to the Institute. Provided, however, Past Chairpersons shall ipso facto become Honorary Life Members from the date they cease to be the Chairperson of the Institute except by operation of Clause 8 (p).
A Member seeking to become a Life Member of the Institute shall apply in writing (on the prescribed form) to the Council of the Institute. A Life Member shall join the Institute in his individual capacity. The Council may at its absolute discretion accept or reject an application for Life Membership.
A Life Member shall be entitled to attend Membership Meetings of the Institute
A Life Member shall be entitled to vote at any Membership Meeting of the Institute and be eligible for election to the Council of Members. A Life Member shall have one vote at Membership Meetings.
A Life Member in good standing shall continue to use the Post Nominal of his immediate previous membership category

Retired Member

A Retired Member of the Institute shall include a Member that has been accepted as a Retired Member for a further period of five (5) years at the discretion of the Council taking into account that the Member is no longer actively involved as a Director and has reached the age of fifty-five (55) years. A Retired Member shall pay a reduced annual subscription fee (which shall be determined by the Council of Members from time to time and ratified by the Membership of the Institute).
A Member seeking to become a Retired Member of the Institute shall apply in writing (on the prescribed form) to the Council of the Institute. A Retired Member shall join the Institute in his individual capacity. The Council may at its absolute discretion accept or reject an application for a Retired Member.
A Retired Member who is not in arrears of subscription fees shall be entitled to attend Membership Meetings of the Institute.
A Retired Member shall not be entitled to vote at any Membership Meeting of the Institute nor be eligible for election to the Council of Members during the extended period.
A Retired Member in good standing shall continue to use the Post Nominal of his immediate previous membership category.

Patrons of the Institute

A Patron shall include a corporate entity or an individual that has been accepted as a Patron at the discretion of the Council taking into account the significant support extended to the Institute. A Patron shall be represented by a designated officer of the corporate entity or the individual, as the case may be, at the Membership Meetings of the Institute.
A Patron shall not be entitled to vote at any Membership Meeting of the Institute nor be eligible for election to the Council of Members.

The above stipulations are also stated in the Institute’s By-Laws.