This study examines the influence of corporate governance practices on cash holdings of Sri Lankan listed companies. It develops hypotheses about the relationship between cash holding and corporate governance practices such as size, frequency of meetings, independence, independent chair and gender diversity. Using multiple regression analysis on data collected from the corporate annual reports of 90 listed companies, the study finds that corporate governance practices such as board size and gender diversity have a significant negative influence on cash holdings as well as independent chair has a significant positive influence on cash holdings. However, there is no evidence that board meetings affect cash holding in Sri Lankan companies. The study contributes to the literature on the factors that make variation in the amount of cash holding of the listed company and it may be useful for financial managers, business analyst, financial controller, operations managers, investors, financial management consultants and other stakeholders.

The purpose of this study is to examine the impact of corporate governance on cash conversion cycle of Sri Lankan listed companies. This study adopted a co-relational research design. A sample of 90 Sri Lankan companies listed on the Colombo Stock Exchange for a period of five years (from 2011/12-2015/16) was used. The findings show that large number of directors and independent directors on the board and more number of meetings in a year shorten the cash conversion cycle (CCC) of Sri Lankan listed companies. The study adds to the literature on the factors that shorten the CCC of the listed company and it may be useful for financial managers, business analyst, financial controller, operations managers, investors, financial management consultants and other stakeholders.Contribution/ Originality: This study contributes in the existing literature of how the corporate governance mechanisms influence the efficiency of working capital management in developing economies like Sri Lanka. And also beneficial to the financial managers, investors, financial management consultant and other stakeholders to make different types of decisions.

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