PC Pharma Limited - Colombo Stock Exchange

10.
Corporate Governance Practices
The Board of Directors of PC Pharma Limited has given the due emphasis to the importance
of highest standard corporate governance practices in promoting business integrity,
accountability and transparency.
The following framework forms the of Corporate Governance code of the Company.
Constitution of the Board
The Company has two Executive Directors, two Non-Executive Directors and two Non-
Executive Independent Directors on the Board with the expertise mainly in the areas of
financial management, general management and operations of Pharmaceutical companies.
Non-Executive Directors
The Board of PC Pharma Limited consists of the following Non-Executive Directors.
� Mrs. Sithy Sharmila Rishan
� Mr. Prasanna Lakshantha Wijesekara
� Mr. Ramasamy Selvaraj
� Mrs. Shanthi Sri Nanda Goonaratne
Non-Executive Independent Directors
The following directors of PC Pharma Limited have fulfilled the requirements to be Non-
Executive Independent Directors of the Company.
� Mr. Ramasamy Selvaraj
� Mrs. Shanthi Sri Nanda Goonaratne
Remuneration Committee
The Remuneration Committee consists of two Independent Non-Executive Directors and
one Non-Executive Director. Mr. Ramasamy Selvaraj functions as the Chairman of the
Remuneration Committee.
� Mr. Ramasamy Selvaraj – Non Executive Independent Director
� Mrs. Shanthi Sri Nanda Goonaratne – Non Executive Independent Director
� Mr. Prasanna Lakshantha Wijesekara – Non Excutive Director
The Remuneration Committee is responsible for making recommendations to the Board on
the remuneration of Executive Directors and Non-Executive Directors. The committee is
also responsible for setting up the remuneration policy, which provides guidelines to the
Board on the overall remuneration framework to ensure that remuneration levels are at a
satisfactory level to attract and retain the requisite professionals to support the success of
the Company.
44 Introductory Document – PC Pharma Limited