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Board Committees

The Audit Committee is the standing committee of the Board of Directors. The purpose of the committee is to assist the Board of Directors in fulfilling its oversight responsibility relating to:
‌ ‌ 
‌I. The integrity of financial statements, the financial reporting process, and systems of internal accounting and financial controls; 

‌‌II. Performance of the internal auditing services function; 

‌‌‌III. An annual independent audit of financial statements and the engagement of the company’s external auditors;‌ 

‌‌IV. Compliance with legal and regulatory requirements. ‌ 

‌‌The committee is chaired by an independent board member with expertise in finance, accounting, legal issues and/or banking. Currently, the Audit Committee is composed of:

No

Name

Position

Role in Committee

1

Hans Michael Theodor Moormann

Independent Director

Chair

2

Brindley Chrishantha Gajanayake de Zylva

Chairman

Member

3

Indrajith Wijesiriwardana

Independent Director

Member


‌Board Enterprise Risk Management and Compliance Committee

The Enterprise Risk Management and Compliance Committee is the standing Committee of the Board of Directors. The Committee’s objective is to monitor the implementation of risk management policies and compliance work as defined by the Board. That includes continuously assessing the effects of changes in operations, and the business environment for LOLC (Cambodia) Plc., formulating risk strategies to respond to changes and aligning risk strategies with overall LOLC strategies.

‌The Committee is chaired by an independent board member with expertise in finance and risk management. The Enterprise Risk Management and Compliance Committee are composed of:

No

Name

Position

Role in Committee

1

Hans Michael Theodor Moormann

Independent Director

Chair

2

Brindley Chrishantha Gajanayake de Zylva

Chairman

Member

3

Francisco Kankanamalage Conrad Prasad Nirosh Dias

Independent Director

Member


Board Appointment and Remunerations Committee

The Appointments and Remunerations Committee guides the Board of Directors on human resources management at LOLC. The purpose of the committee is to ensure an effective organizational structure in operations and competitive human resources and compensation policies and practices.

The Appointments and Remunerations Committee shall be chaired by an independent board member with expertise in human resource management, legal issues, and banking. Currently, the committee is composed of:

No

Name

Position

Role in Committee

1

Indrajith Wijesiriwardana

Independent Director

Chair

2

Francisco Kankanamalage Conrad Prasad Nirosh Dias

Director

Member

3

Dulip Rasika Samaraweera

Director

Member


‌Board IT Steering committee

The following committee is the board committee that overview the major IT-related development and issues. Some example of the committee responsibilities are including direct, review and approve the IT strategic plans, supervise major IT initiatives and distribute resources. The committee consists of 3 members, a chair and two members. The members of IT Steering Committee have held senior positions and have a firm background related to IT in finance.

No

Name

Position

Role in Committee

1

Francisco Kankanamalage Conrad Prasad Nirosh Dias

Director

Chair

2

Brindley Chrishantha Gajanayake de Zylva

Chairman

Member

3

Indrajith Wijesiriwardana

Independent Director

Member