Professional Documents
Culture Documents
MTD Walkers.
Vision
To be the leading premier infrastructure constructor in Sri Lanka.
Mission
To effectively utilize and develop the companys resources in Engineering, Technical knowledge,
Management skills and capital, in combination with state of the art Plant and technology to efficiently
execute projects providing value additions to all our stakeholders.
Key People
The Chairman provides leadership to the board and is responsible for the governance and the
effective operations of the board. The Chairman also sets the agenda for board deliberations and
ensures that opinions of all Directors are appropriately considered in decision making.
Leading the board towards effective strategizing and ensuring quality of governance within an
ethical framework.
Guaranteeing that constructive working relations are maintained between the Executive and NonExecutive members of the board.
Ensuring with the aid of the board Secretary that board procedures are followed and information
is distributed in a timely manner to the board members.
The board of Directors sets the strategic objectives of MTD walkers LC and reviews the detailed
planning and implementation of those objectives and policies, by the management Committee, in
accordance with the board assigned risk parameters. The board also monitors compliance with the
policies and actual performance against set objectives through regular dialogue with management
personnel.
Providing direction and guidance to the group in the establishment of its strategies, with an
emphasis on medium and long term strategies, in the pursuance of its operational and financial
goals.
Determining any changes to the discretions/authorities delegated from the board to the executive
levels.
Evaluation and approving acquisitions, takeovers, disposals and capital expenditure, which can
amount to a major transaction in terms of the Companies Act No. 07 of 2007.
The board has the overall responsibility in ensuring that TD walkers LC and its subsidiaries
maintain sound financial reporting standards.
The Company Secretary plays an important role in ensuring that the board procedures are
followed and are regularly reviewed.
The Company Secretary ensures that all relevant information, details and documents are made
available to the Directors and senior management for effective decision-making at meetings.
To ensure healthy deliberation and optimum decision making, the Directors have access to the
services of the Company Secretary ensuring that all regulations and statutory requirements are
met.
Minutes of all physically held meetings are recorded by the Company Secretary, who also
facilitates circular of resolutions sought for impromptu approvals from the board. All these are
promptly distributed among the board by the Company Secretary.
Company Specializations
Building Construction
As the newest sub-sector of companys Civil Engineering portfolio, building Construction subsector benefits immensely from the groups fully integrated position through companys diverse
expertise and sourcing advantages benefits which share with clients in terms of highly
competitive, value for money pricing. with the groups capacity to design and build projects,
construct deep piled foundations, create access roads and implement solutions for building
services, companys building construction sub-sector is positioned to be a key revenue driver in
the years to come.
Compliance
Assurance
Corporate Governance
Corporate Governance Philosophy
At MTD Walkers PLC our corporate governance philosophy stems from the belief that corporate
governance is a key element in improving efficiency and growth as well as enhancing investor
Remuneration Committee
The Remuneration Committee of MTD Walkers LC is appointed by the board of Directors and is
governed by three Independent Non-Executive Directors.
The primary role of the Remuneration Committee is to approve appropriate remuneration to retain
and motivate suitably qualified Executive Directors and Senior Management.
The policy of the group is to be consistently aware of prevailing market conditions in order to retain a
highly qualified, competent and motivated workforce. The remuneration packages are aligned with
the groups Remuneration policy and are linked to individual and divisional performances reflecting
the time and effort required from the members in fulfilling their responsibilities.
MTD Walkers PLC and all group subsidiaries strive to ensure that all operations are carried out to maximize
value creation for all stakeholders, shareholders, employees, clients, suppliers, and the community. Company
strive to achieve this goal whilst maintaining corporate integrity and ensuring act with the utmost responsibility
towards the community and environment operate in.
Employee Relations
Dialogue with Shareholders
Effective and Transparent Communication
Listing Rules of the Colombo Stock Exchange applicable to MTD Walkers PLC
Inland Revenue Act No. 10 of 2006 (as amended)
facility construction (hospitals, schools, office facilities and estates etc) and dams constructions.
We need to focus on more towards those works.