Using a stratified random sample, this paper examines the training practices of setting objectives, transfer, validation and evaluation in Sri Lanka. The paper further sets out to compare those practices across local, foreign and joint-venture companies based on the assumption that there may be significant differences across companies of different ownership. The findings reveal evidence of the awareness and practice of setting objectives, transfer, validation and evaluation. Overall, the results of the analysis of variance do not confirm the hypotheses that foreign-owned companies exhibit more training practices of setting objectives, transfer, validation and evaluation than local and joint-venture companies. The paper addresses existing practice and implications. (Contains 9 tables.)