Corporate Governance is the manner of governing to achieve optimum results without compromising on principles and values. The Board of Directors of Aitken Spence realize that investors have choices and are willing to invest in a well-governed company at which corporate governance is practiced and in which principles and practices play an intrinsic part in ensuring that standards are met. The Board is not merely committed to manage today's businesses, but to ensure there are businesses to be managed tomorrow.
Aitken Spence has adopted the governance framework which enables the Company to implement practical and real checks and balances with the ultimate goal of realising sustainable shareholder value and protecting other stakeholder interests. Internal and external auditors provide checks as management strives to achieve growth and protect shareholder value. Communication and disclosure strengthen the relationship between internal and external stakeholders and the measurement of accountability ensures that what gets measured gets done. The Company's compliance with the external drivers namely the listing rules of the Colombo Stock Exchange, the Code of Best Practice on Corporate Governance issued jointly by the Institute of Chartered Accountants of Sri Lanka and the Securities and Exchange Commission of Sri Lanka, the relevant codes of other professional institutes and chambers of commerce, can be perused in the corporate governance section of the 2009/10 annual report; |
