Composition of the Committee

The Remuneration and Nomination Committee at the commencement of the financial year comprised the following members:

Mr Jeffrey Jay Blatt – Independent Director (Chairman)
Mr P G Kumarasinghe Sirisena – Independent Director
Mr Chan Chee Beng – Non-Executive Director

Subsequent to the resignation of Mr Jeffrey Jay Blatt, Chairman of Committee from the Directorate of SLT on 31 August 2016, Mr Lawrence Paratz, Independent Director was appointed as a member of the Committee and Mr Chan Chee Beng was appointed as the Chairman of the Committee.

The Company Secretary functions as the Secretary of the Committee.

The Committee invites the Group Chief Executive Officer, Chief Human Resource Officer and external advisers to attend for all or any part of the meeting as required.

Role and Responsibilities

The principal tasks of the Committee include formulating proposals to the Board of Directors with respect to the remuneration policy of Non-Executive Directors, Chief Executive Officer and Executive Management and to nominate for Board’s approval suitable candidates to fill casual vacancies from time to time arising in the Board
and review the career and development plans for the Company’s most senior members of management with a view to ensuring that there is an adequate talent pool.

The Terms of Reference of the Committee is available on
the Company’s website – www.slt.lk

Activities Carried Out During 2016

The Committee met on five occasions during the year 2016 and the activities carried out are summarised below:

• Recommendation for appointments/promotions to the position of senior management
• Recommending extension of services of senior officers
• Performance review of senior management
• Recommending payment of annual bonus and increments for employees of SLT and its subsidiaries
• Making recommendation for reconstitution of Board Subcommittees and the Boards of subsidiary companies
• Performance evaluation of the Group Chief Executive Officer

The Committee also takes this opportunity to place on record its appreciation of the contribution made by
Mr Jeffrey Jay Blatt during his tenure as the Chairman
and member of the Committee.

On behalf of the Remuneration and Nomination Committee,

Chan Chee Beng
Chairman
Remuneration and Nomination Committee
17 April 2017