Corporate Governance
Dilmah Ceylon Tea Company PLC has established a comprehensive Corporate Governance Framework compliant with Colombo Stock Exchange Listing Rules. The company operates under the “06 Pillars of Dilmah”: Integrity, Quality, Ethics, Tradition, Sustainability, and Our Customers.
The 12 Core Governance Policies
1. Board Governance
Addresses board composition, duties, director fitness assessments, and independence determinations. Ensures company prosperity while upholding the 06 Pillars of Dilmah.
2. Board Committees
Establishes minimum committee structure — Nominations and Governance, Remuneration, Audit, and Related Party Transaction Review — with quarterly meeting requirements.
3. Corporate Governance & Nominations
Sets criteria for board member selection and succession planning based on ethical business principles.
4. Remuneration
Aligns compensation structures with company strategy, long-term financial success, and performance measurement across leadership and employee levels.
5. Code of Business Conduct & Ethics
Guides ethical behaviour regarding conflicts of interest, gifts, procurement transparency, accurate record-keeping, and asset protection while encouraging reporting of unethical conduct.
6. Risk Management & Internal Controls
Establishes a risk-aware culture with defined appetite frameworks for identifying, measuring, and monitoring organisational risks.
7. Shareholder Relations
Ensures fair, timely, and accurate communication with shareholders and investors through designated company secretary contact per CSE requirements.
8. Environmental, Social & Governance Sustainability
Manages economic, environmental, and social impacts through dedicated Board and Executive Sustainability Committees.
9. Company Assets & Shareholder Investments
Outlines stewardship principles ensuring responsible protection and use of organisational resources.
10. Corporate Disclosures
Prevents selective disclosure of material information to analysts or institutional investors, ensuring simultaneous public communication of market-sensitive data.
11. Whistleblowing
Protects employees reporting suspected wrongdoing — fraud, corruption, harassment, safety violations — from retaliation.
12. Anti-Bribery & Corruption
Implements zero-tolerance standards regarding facilitation payments, kickbacks, and improper gifts.
The company implements policies through communication, mandatory training, and regular monitoring. Annual reviews ensure continued effectiveness and regulatory alignment. For enquiries, contact legal@dilmahtea.com.
