Annual Report 2011 - Colombo Stock Exchange

CORPORATE GOVERNANCE (Contd.)UNION CHEMICALS LANKA PLC2 0 1 1 - A N N U A L R E P O R TThe Composition of the Board and its Sub-Committees as at the end of the period under review is set out inthe table below, together with records of attendance of every Director at the respective meetings which wereheld during the year under review.Name of the Director Category Main Board AuditCommitteeRemunerationCommitteeEligibleto attendattendedEligibleto attendattendedEligibleto attendattendedDr. P M Gunesekera(Chairman)Non-Executive55Mr. H A D U G Gunesekera(Managing Director)Executive55Mr. A N U JayawardenaNon-Executive55Mr. G W HewawithanaNon-Executive55Mr. G R PathmarajNon-Executive53Mr. T N Jayasinghe(Chairman - Audit Committee)Non-executiveIndependent554411Mr. R De ZilwaNon-executiveIndependent534311Prof. R M S W Ranasinghe(Chairman – Rem. Committee)Non-executiveIndependent544311Company SecretariesJacey & Company provides Corporate Secretarial Services to the Company. The Company Secretaries play akey role in compliance matters by ensuring that the Company complies with the requirements of theCompanies Act, the Colombo Stock Exchange and other regulatory bodies. The Secretaries also ensure thatBoard procedures are followed and information is provided to shareholders on a timely basis.Compliance with Legal RequirementsAll Directors have access to the advice and services of the Company Secretaries as well as to the FinancialInformation of the Company. The Directors makes every endeavour to ensure that the Company complieswith Laws and Regulations and to exercise due diligence in managing the affairs of the Company.Additionally, checks and controls are in place to ensure that the policies of the Board are complied with.13