Corporate Information

Established: 1995

Quoted Date : 2011-11-24

Financial Year Ends : 31st March

Sector : Banks Finance & Insurance

Chairman : Mr. Pradeep Amirthanayagam (Independent Non-Executive Chairman)

Registered Number : PB 647 PQ

Registered Office : 1161, Maradana Road, Colombo 08. Sri Lanka

Auditors

Auditor General
National Audit Office
No.306/72, Polduwa Road,
Battaramulla.
Tel: +94112887028–34 / Fax: + 94112887223

Email: [email protected]

Web: www.naosl.gov.lk

Board of Directors

  • Mr. Michael Pradeep Amirthanayagam (Chairman/ Non Independent Non-Executive Director)
  • Mr. Yudy Kanagasabai (Senior Independent Director/ Non- Executive, Independent Director)
  • Mr. Chanura J. Wijetillake (Non- Executive, Independent Director)
  • Mr. Asoka Wickramasinghe Bandara (Non- Executive, Independent Director)
  • Mr. Pravir Dhanoush Samarasinghe (Non- Executive, Independent Director)
  • Mr. Himashe Isuru Balapatabendi (Non- Executive, Non Independent Director)
  • Mr. Tishan Manjula Wellalage (Non-Executive Non-Independent Director)
  • Mr. Priyanka Madduma Bandara Atapattu (Non- Executive, Non Independent Director)
  • Mr. Udeni  Kusumsiri Samaratne (Non- Executive, Non Independent Director)
  • Mr. Clive Fonseka (Non- Executive, Non-Independent Director)
  • Mr. Azzam A. Ahamat (Non- Executive, Non- Independent Director)

Secretaries

Ms.Shaalini Silva – Company Secretary
People’s Leasing & Finance PLC
No.1161, Maradana Road, Borella, Sri Lanka
Tel: +94112631103 / Fax: +94112631109 / Email: [email protected]

Corporate Governance Framework

A comprehensive corporate governance framework including well defined governance structures
provides the foundation for People’s Leasing to meet its statutory and regulatory requirements and to
promote accountability,

Regulatory RequirementsInternal FrameworksVoluntary Codes and Best
Practices
Finance Business Act No.42 of
2011		Vision Mission and Corporate
Values		Code of Best Practice on
Corporate Governance issued by
the Institute of Chartered
Accountants of Sri Lanka.
Companies Act No7 of 2007Articles of Association
Corporate Governance Charter/
Board Charter		GRI Standards issued by the
Global Reporting Initiative.
Listing rules of Colombo Stock
Exchange		Board-approved TOR of Board
Committees		IR Framework issued by lIRC.
Finance Business Act No. 05 of
2021 on Corporate Governance		Code of Business Conduct and
Ethics		ISO 27001 information security
system Standards.
The Anti-Money Laundering
Laws and Regulations and
Financial Transaction Reporting
Act No. 6of 2006 and its
amendments		Board-approved policy
frameworks for governance, risk
and operational areas including
HR, IT security and data privacy		UNGC Sustainability Principles.
The Securities and Exchange
Commission pf Sri Lanka Act
No 36ot 1987 and its
amendments		Whistleblower protection Policy
Internal control procedures and
processes		ILO Convention for Social and
Labour, issues inducing Human
Rights.
The Inland Revenue Act No. 24
of 2017 and its amendments		Anti-money laundering/KYC
policy		Sustainable Development Goals
(SDG’S).
The Shop and Office Employees
Act No. 19 of 1954and its
amendments		Corporate Communication
Policy
The Sri Lanka Accounting and
Auditing Standards Act NO. 15
of 1995
All other applicable regulations

Our commitment to good governance practices ensures we generate value for stakeholders, including
shareholders, customers, staff, and the general public, while securing their trust. The Board of Directors
is dedicated to promoting and implementing strong corporate governance policies, along with a
comprehensive Code of Conduct and business ethics.

In accordance with Section 9 of the Listing Rules of the Colombo Stock Exchange on Corporate
Governance, we are committed to transparency regarding our policies. We disclose the existence of the
below policies by the Company.

  • Policy on the matters relating to the Board of Directors Download policy
  • Download policy

    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.

  • Policy on Corporate Governance, Nominations and Re-election Download policy
  • Download policy

    The Board HR & Remuneration Committee shall recommend the remuneration payable to the Directors of the Board (Executive/Non Executive/Independent Directors/Managing Director). Remuneration to Non Executive Directors should be based on non-discriminatory pay practices to ensure that their independence is not impaired. The HR & Remuneration Committee shall engage any external reference or expertise in order to ascertain or assess the relevance of the remuneration levels applicable to Directors/Managing Director.

  • Policy on Internal Code of Business conduct and Ethics for all Directors and employees, including policies on
    trading in the Entity’s listed securities.
  • Policy on Risk management and Internal controls Download policy
  • Policy on Relations with Shareholders and Investors Download policy
  • Download policy

    A robust Environmental, Social, and Governance (ESG) policy, integration of ESG into business operations and strategies in response to stakeholder expectations, local & global sustainability requirements, and commitment toward achieving the United Nations Sustainable Development Goals (SDG) by 2030 are all part of People’s Leasing & Finance PLC’s (PLC) passion and dedication to being a sustainable finance service provider.

    Through the incorporation of best sustainable practices into our financing strategies and key operations and strategies, Our ESG policy strives create long-term value for customers, stakeholders, and the community at large by balancing financial objectives with environmental and social responsibility, which will foster a more resilient and sustainable future. Our ESG policy will serve as a publicly accessible document which we can be shared with our stakeholders to convey our strategy for ESG.

  • Policy on Control and Management of Company Assets and Shareholder Investments Download policy
  • Policy on Corporate Disclosures Download policy
  • Download policy

    This policy allows stakeholders to anonymously report potential instances of improper or illegal conduct or unethical practices within the Company. Anyone aware of such conduct is encouraged to report it to the Board Audit Committee promptly.

    Whistleblower complaints are directed to the Chairman of the Board Audit Committee via email or by sending a letter addressed to the “Chairman of the Board Audit Committee,” with or without disclosing the whistleblower’s identity.

    Once a whistleblower complaint is received, the Audit Committee will initiate a thorough and timely investigation. Depending on the nature of the complaint, the Audit Committee may refer it to the Chief Internal Auditor or appoint an appropriate officer or committee of managerial personnel to investigate. The scope and timeframe for the investigation will be outlined in writing, ensuring transparency and accountability.

    All reported events under the Whistleblower Policy, or the absence thereof, must be reported to the Board Audit Committee quarterly. The Board Audit Committee will monitor the progress of investigations and actions taken through status updates provided by the Chief Internal Auditor.

  • Policy on Anti-Bribery and Corruption Download policy

Finance Business License : Download/View

Company Holidays : Download/View