call
+94 11 2 206 300
People's Leasing & Finance PLC — The Trusted Leader
Chairman / Independent Non-Executive Director
Non-Executive, Independent Director
Non-Executive, Independent Director
A comprehensive corporate governance framework, including well-defined governance structures, provides the foundation for People's Leasing to meet its statutory and regulatory requirements and to promote accountability across the organisation.
In accordance with Section 9 of the Listing Rules of the Colombo Stock Exchange on Corporate Governance, the Company is committed to transparency regarding its policies and discloses the existence of the policies below.
The Policy outlines the establishment, operation, and constitution/reconstitution of Board Sub-Committees of Peoples Leasing & Finance PLC, in compliance with the requirements of the Listing Rules of Colombo Stock Exchange and the directions of the Central Bank of Sri Lanka
Board Sub Committees have been established to assist the Board in carrying out its responsibilities by providing specialized recommendations. The Board shall not delegate any matters to a Board Sub – Committee to an extent that such delegation would significantly hinder or reduce the ability of the Board as a whole to discharge its functions.
All the Committees have Board approved written Terms of References (TOR) clearly defining its scope, authority, duties and matters pertaining to the quorum of meetings.
The Board HR & Remuneration Committee shall recommend the remuneration payable to the Directors of the Board (Executive/Non Executive/Independent Directors/Managing Director). Remuneration to Non Executive Directors should be based on non-discriminatory pay practices to ensure that their independence is not impaired. The HR & Remuneration Committee shall engage any external reference or expertise in order to ascertain or assess the relevance of the remuneration levels applicable to Directors/Managing Director.
A robust Environmental, Social, and Governance (ESG) policy, integration of ESG into business operations and strategies in response to stakeholder expectations, local & global sustainability requirements, and commitment toward achieving the United Nations Sustainable Development Goals (SDG) by 2030 are all part of People’s Leasing & Finance PLC’s (PLC) passion and dedication to being a sustainable finance service provider.
Through the incorporation of best sustainable practices into our financing strategies and key operations and strategies, Our ESG policy strives create long-term value for customers, stakeholders, and the community at large by balancing financial objectives with environmental and social responsibility, which will foster a more resilient and sustainable future. Our ESG policy will serve as a publicly accessible document which we can be shared with our stakeholders to convey our strategy for ESG.
This policy allows stakeholders to anonymously report potential instances of improper or illegal conduct or unethical practices within the Company. Anyone aware of such conduct is encouraged to report it to the Board Audit Committee promptly.
Whistleblower complaints are directed to the Chairman of the Board Audit Committee via email or by sending a letter addressed to the “Chairman of the Board Audit Committee,” with or without disclosing the whistleblower’s identity.
Once a whistleblower complaint is received, the Audit Committee will initiate a thorough and timely investigation. Depending on the nature of the complaint, the Audit Committee may refer it to the Chief Internal Auditor or appoint an appropriate officer or committee of managerial personnel to investigate. The scope and timeframe for the investigation will be outlined in writing, ensuring transparency and accountability.
All reported events under the Whistleblower Policy, or the absence thereof, must be reported to the Board Audit Committee quarterly. The Board Audit Committee will monitor the progress of investigations and actions taken through status updates provided by the Chief Internal Auditor.
