Introductory Document - Colombo Stock Exchange

5. CORPORATE GOVERNANCE5.1 INDEPENDENT DIRECTORSThe Independent Directors, Non-Executive Directors of RFL comprise of the following Directors:Mr. Takashi IgarashiMr. Namal GomesMr. Saman KarunarathnaMr. Ono TeruakiIn accordance with best practices, the Board has established two Board Committees that report to theBoard.5.2 AUDIT COMMITTEEThe Audit Committee comprises of the following Directors, and is chaired by Mr. Namal Gomes:Mr. Namal Gomes – Independent Non-Executive DirectorMr. Saman Karunarathna – Independent Non-Executive DirectorThe Chairman of the Audit Committee is an Associate Member of the Institute of CharteredAccountants of Sri Lanka and an Associate Member of the Society of Certified ManagementAccountants of Sri Lanka.5.3 REMUNERATION COMMITTEEThe Remuneration Committee comprises of the following Directors, and is chaired by Mr. SamanKarunarathna:• Mr. Saman Karunarathna – Independent Non-Executive Director• Mr. Ono Teruaki – Independent Non-Executive DirectorThe primary responsibility of the Committee is to propose to the Board of Directors a competitiveremuneration policy designed to attract, motivate and retain the employees of RFL. The remunerationpolicy thus determined takes into consideration the corporate objectives of RFL, the performance ofemployees and the market rates offered by others in the industry.23 Ramboda Falls Limited – Introductory Document