Corporate Governance

Bairaha Farms PLC’s corporate governance structure is built on the pillars of transparency, accountability, and sustainability. The Board of Directors, supported by various specialized committees, oversees key aspects of governance including risk management, ethics, shareholder relations, and regulatory compliance. This robust framework ensures that Bairaha adheres to the highest standards of corporate responsibility, aligning with its long-term strategic objectives while creating value for all stakeholders.

We have adopted international best practices while meeting the mandatory guidelines.

• The Companies Act No. 07 of 2007 and amendments thereto
• Listing Rules of the Colombo Stock Exchange (CSE)
• Securities and Exchange Commission of Sri Lanka Act No. 36 of 1987, including applicable directives and circulars
• Code of Best Practices on Related Party Transactions (2013) advocated by the Securities and Exchange Commission of Sri Lanka (SEC)
• Code of Best Practice on Corporate Governance (2017) issued by CA Sri Lanka

Bairaha Farms PLC has implemented and upheld the following policies, adhering to CSE listing rules to ensure a comprehensive and cohesive framework that fosters an environment where the company and its stakeholders can maintain high standards of governance and achieve strategic goals:

• Policy on matters relating to the board of directors
• Policy on board committees
• Policy on corporate governance, nominations and re-election
• Policy on remuneration
• Policy on internal code of business conduct and ethics
• Policy on risk management and internal controls
• Policy on relations with shareholders and investors
• Policy on environmental, social and governance sustainability
• Policy on control and management of company assets and shareholder investments
• Policy on corporate disclosures
• Policy on whistleblowing
• Policy on anti-bribery and corruption