Corporate Governance

Hayleys is committed to doing what is right in its business.

In practice, we strive to uphold the trust our Stakeholders (Shareholders, Customers, Employees, Communities and Government Authorities) have placed in us, by being ethical and transparent in the continuing pursuit of our Vision and Mission, and the practice of our Values.

Explore

Corporate Governance

Audit Committee:

The Board has established an Audit Committee which has the oversight and responsibility for considering how they should select and apply accounting policies, financial reporting and internal control principals and maintaining an appropriate relationship with the external auditors. The composition of the Audit Committee is as follows:

M Y A Perera – Chairman

Dr H Cabral,

M H Jamaldeen

K D G Gunaratne

REMUNERATION COMMITTEE (INSTEAD OF BANKERS)

The remuneration committee determines the remuneration of the Chairman/Chief Executive and the Executive Directors and sets guidelines for the remuneration of the management staff within the group. Composition of the committee is as follows:

Dr H Cabral, PC – Chairman

K D D Perera

M H Jamaldeen

M Y A Perera

NOMINATION COMMITTEE

The nomination committee makes recommendations to the Board on all new Board appointments. Nomination Committee of Hayleys PLC consists of the following Directors.

A M Pandithage – Chairman

K D D Perera

Dr H Cabral, PC

RELATED PARTY TRANSACTION REVIEW COMMITTEE

The Related Party Transaction Review Committee reviews and authorizes related party transactions in an arms length.

Dr H Cabral, PC – Chairman

S C Ganegoda

M Y A Perera

AUDITORS:

Ernst & Young (Chartered Accountants)

Name of Company: Hayleys PLC
(A public limited company, incorporated in Sri Lanka in 1952)

Company number
PQ22

Corporate Governance

Hayleys is committed to doing what is right in its business.