Annual Report 2011 - 2012 - Colombo Stock Exchange

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The Colombo Pharmacy Company PLC Annual Report 2011 - 2012 11
05 CORPORATE GOVERNANCE COMPLIANCE Statements of Compliance of the Principles under the Listing Rules of Colombo Stock Exchange and the Code of Best Practice of Corporate Governance jointly issued by the Securities and Exchange Commission of Sri Lanka and The Institute of Chartered Accountants of Sri Lanka are as follows. The Company's level of compliance with the CSE's New Listing Rules is given below. Corporate Governance Principles CSE Rule Reference Compliance Status Company's Level of Compliance Non- Executive Directors 7.10.1 Compliant Three out of Five Directors are Non-Executives. Independent Directors 7.10.2 (a) 7.10.2 (b) Compliant Two out of three Non Executive Directors are independent. Each Non-Executive Director has submitted a declaration of his independence or non-independence as required under the Listing Rules of the CSE. Disclosures relating to Directors 7.10.3 Compliant Given under the heading of “Board of Directors” of this Report and also refer to pages 07 - 08. Remuneration Committee 7.10.5 (a) Compliant The Committee comprises of three Non - Executive Directors, out of which two are independent. The members of Committee are under the direct supervision of the Remuneration committee of the Parent Company which comprises of three (03) Non – Executive Directors, majority of whom are Independent. 7.10.5 (c) There were no remuneration paid for directors during the financial year. Audit Committee 7.10.6 (a) Compliant The Audit Committee comprises of three Non - Executive Directors, majority of whom are Independent. 7.10.6 (c) The higher management personal attended such Audit Committee Meetings. The Colombo Pharmacy Company PLC Annual Report 2011 - 2012 Corporate Governance 12
Page 1 and 2: THE COLOMBO PHARMACY COMPANY PLC AN
Page 3 and 4: 01 VISION VISIONON To be the most d
Page 5 and 6: 02 STORY The origins of The Colombo
Page 7 and 8: 03 CHAIRMAN’S MESSAGE Dear Shareh
Page 9 and 10: 04 BOARD OF DIRECTORS Mr. Gregory S
Page 11: 05 CORPORATE GOVERNANCE Attendance
Page 15 and 16: 05 CORPORATE GOVERNANCE Code Refere
Page 17 and 18: 05 CORPORATE GOVERNANCE D. Accounta
Page 19 and 20: 05 CORPORATE GOVERNANCE Compliance
Page 21 and 22: 06 REPORT OF THE DIRECTORS INDEPEND
Page 23 and 24: 06 REPORT OF THE DIRECTORS GOING CO
Page 25 and 26: Prior After After Prior The Colombo
Page 27 and 28: 08 FINANCIAL HIGHLIGHTS Financial H
Page 29 and 30: 10 BALANCE SHEET As at 31 March 201
Page 31 and 32: 11 INCOME STATEMENT Year ended 31 M
Page 33 and 34: 13 CASH FLOW STATEMENT Year ended 3
Page 35 and 36: 14 NOTES TO THE FINANCIAL STATEMENT
Page 57 and 58: 15 INFORMATION TO SHAREHOLDERS AND
Page 59 and 60: The Colombo Pharmacy Company PLC An
Page 61 and 62: 16 FIVE YEAR FINANCIAL REVIEW Year
Page 63 and 64:
18 FORM OF PROXY I/We …………
Page 65 and 66:
19 CORPORATE INFORMATION Name of Co
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Annual Report 2011 - 2012 - Colombo Stock Exchange

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