The Company has an established and well-defined governance structure integrated throughout its operations.
The Company has implemented a well-defined governance structure throughout its operations. Our corporate governance approach promotes integrated thinking and decision-making, ensuring a balanced pursuit of strategic priorities over time. This approach aligns the interests of the Company, its stakeholders, and society, fostering the creation and protection of sustainable shared value while safeguarding against value erosion in the short, medium, and long term.
The Company’s Governance Framework is outlined as follows:
Statement of Compliance
In its ongoing efforts to achieve a more cohesive and efficient approach to corporate reporting, People’s Insurance PLC has adhered to the Rules and Regulations outlined below, as mandated by the relevant regulatory authorities.
- Companies Act No 07 of 2007
- Regulations of Insurance Industry Act No 43 of 2000
- Rule No 7.6 and 9 of Listing Rules of CSE
- Direction 17- on Corporate Governance Framework for Insurance Companies by IRCSL
- Integrated GRI Reporting guidelines
- Code of Best Practice on Corporate Governance of CA Sri Lanka
- Financial Transaction Reporting Act No 06 of 2006 issued by FIU of Central Bank of Sri Lanka
People’s Insurance PLC has developed and implemented the following policies in compliance with CSE listing rules to establish a comprehensive and cohesive framework that fosters a governance environment. This enables the company and its stakeholders to uphold stringent governance standards while pursuing its strategic objectives.
- Policy on the matters related to the Board of Directors
- Policy on Board Committees
- Policy on Corporate Governance, Re-election and Nomination
- Policy on Remuneration
- Policy on Internal code of business and ethics on all directors and all employees including
- Policy on Share Trading
- Policy on Risk management and Internal controls
- Policy on Relations with Shareholders and Investors
- Policy on Environment, Social, Governance Sustainability
- Policy on Control and Management of Company Assets and Shareholder Investment
- Policy on Whistleblowing
- Policy on Anti-Bribery and Corruption
- Policy on Corporates Disclosure
The aforementioned policies may be obtained from the Company Secretary by making a formal request to the following email address: cosecpi@peoplesinsurance.lk
Information relating to the matters specified below can be obtained from the designated personnel:
Disclosure Type | Contact Person |
Colombo Stock Exchange related information | Company Secretary |
Company Website related information | Head of Marketing (HOM) |
Press Releases | Head of Marketing (HOM) |
Annual Reports and Interim Financial Statements | Chief Financial Officer (CFO) |
Investor briefings and conferences | Chief Executive Officer (CEO) |
Please feel free to reach out to the relevant personnel for further assistance on the specified disclosure types.
