National Development Bank PLC believes that good governance is an important ingredient in creating and sustaining shareholder value and ensuring that behaviour is ethical, legal and transparent.
We have in place a well-defined and well-structured governance framework.
Our internal code of corporate governance incorporates applicable law and regulation and sets out our practices for implementing the highest standards relating to corporate governance.
The Bank is governed by the Board and several Board appointed committees. The Board has overall responsibility for leading and controlling the Bank. The Board is of an appropriate size and functions effectively as it comprises of individuals not only with right skills and expertise but also with personal qualities required to be effective stewards of the business. The Board is also supported by robust and independent risk, audit and compliance departments that provide effective oversight.
The Bank's Compliance Policy and Code of Conduct is an integral part of the Bank's governance framework and outlines the standards of professional and ethical conduct. It includes aspects such as general conduct, competence, confidentiality, conflicts of interest, bribery and discrimination.
Keeping effective communication lines open with shareholders remain an important role of the Chairman and the Chief Executive Officer. The views of investors and key stakeholders are escalated to the Board. In order to encourage a healthy engagement with the Bank's customers and stakeholders the Bank has in place a regularly reviewed Customer Charter, a formal Complaint Handling procedure, a communications policy and a Disclosure policy.
Due to the fact that good governance is evolutionary in nature we continue to innovate and adapt our governance practises and framework to meet new demands and grasp new opportunities.
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National Development Bank PLC takes great effort in ensuring the wellbeing of all staff. The Bank firmly believes that an employee healthy in body and mind is able to create a more positive impact in the course of carrying out their duties at work which will in turn increase productivity. This undoubtedly will in turn increase productivity in their personal lives and in society at large.
In this light, the Bank encourages all staff to embrace a healthy work-life balance which is reflected in the many welfare programs that are organized. In addition, the Bank takes seriously the wellbeing of all staff while on duty at the Bank. In accordance with its Business Continuity Plan, the Bank has a team of trained first aid officers across the board, and trained psychological first aid officers who are available on site.
The Sports and Recreation Club (SRC) of the Bank provides all staff with a gymnasium that is available for use before and after working hours. Staff are encouraged to utilise these facilities which are fully equipped with state of the art equipment and personal trainers for guidance and support.
||BANK OF CEYLON NO. 1 ACCOUNT
||EMPLOYEES PROVIDENT FUND
||MR. R. S. CAPTAIN
||SRI LANKA INSURANCE CORPORATION LTD-GENERAL FUND
||DR. S YADDEHIGE
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||HATTON NATIONAL BANK PLC A/C NO 1
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||MR. A. K. PATHIRAGE
||CIC HOLDINGS PLC
||ASIRI SURGICAL HOSPITAL PLC
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||DFCC BANK PLC A/C 1
||HSBC INTL NOMINEES LTD-BP2S LONDON-ABERDEEN ASIA SMALLER COMPANIES INVESTMENT TRUST