Board Investment Committee Report

Composition of the Committee

The Committee as at the end of the year comprised of the following members:

- Mr. K.G.D.D. Dheerasinghe - Chairman

- Mr. W.M.R.S. Dias - Managing Director/CEO

- Mr. J. Durairatnam - Executive Director/Chief Operating Officer

- Mr. K.D.N. Buddhipala - Chief Financial Officer

- Mr. S.C.U. Manatunge - Chief Risk Officer

- Mr. Prins Perera - Head of Global Markets

- Mr. A.N.P. Sooriyarachchi - Assistant General Manager - Corporate and Investment Banking

- Mr. B.A.S.P.S. Balasuriya - Head of Global Treasury/Secretary of the Committee.

Please refer profiles of the Board Members.

Charter of the Committee

The Committee was established by the Board of Directors to assist, guide, and monitor the management of investments of the Bank in compliance with the investment policies and guidelines to meet overall performance objectives of the Bank.

The Committee has been empowered to:

• Have a broad discussion on economic and market environment before arriving at any investment decisions.
• Evaluate important investment proposals of the Bank, in detail before being submitted to the Board for approval.
• Discuss the Balance Sheet impact of investment decisions of the Bank.
• Review overall performances of the Bank particularly that of Treasury operations. 

Committee Meetings

This Committees was newly established in March 2013 and there were ten meetings during the year with attendance of members listed under the Corporate Governance section.

Methodology Adopted by the Committee

The Committee endeavours to meet monthly and review progress of strategic investments, liquidity situation of the Bank and country’s economic outlook. The Committee would also explore new opportunities having regard to returns, competition and significant risks associated with the industry.

K.G.D.D. Dheerasinghe
Chairman - Board Investment Committee

Colombo
February 24, 2014