Corporate Governance

Statement of Compliance

• Towards a continuous stride in achieving a more cohesive and efficient approach to corporate reporting,
  Softlogic Life has been compliant with the below mentioned Rules and Regulations declared by the
  regulators.
  • 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 Practise on Corporate Governance of CA Sri Lanka
  • Financial Transaction Reporting Act No 06 of 2006 issued by FIU of Central Bank of Sri Lanka
• Softlogic Life has established and maintained the following policies & adhere to CSE listing rules in
  order to maintain a comprehensive and integrated structure to create the environment that enables the
  company and its stakeholders to maintain rigorous standards of governance to achieve the 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
    policies trading in the entity’s listed securities
  • 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
• The Policy on relations with shareholders & investors includes a process to make all directors aware of
  major issues and concerns of shareholders. Such policy can be accessed by anyone interested by clicking
  here.