Policy on Board Committees

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.