Corporate Governance - Oxford College of Business Sri Lanka

OUR GOVERNANCE AND OPERATING MODEL FACILITATES EFFICIENT AND TIMELY DECISION MAKING

Oxford College of Business Private Limited is a company limited by guarantee. The governance arrangements provide for the Company, with a voting membership of 8 members to appoint the Council, which is the board of directors of Oxford College of Business. The Chair of the board is hold by the Non-Executive Chairman.

The Chief Executive Officer of the Oxford College of Business is in turn responsible to the Council. The peak academic body of the Business School is the Academic Governance Committee which is an advisory body to the Non-Executive Chairman on matters relating to the academic activity of Oxford College of Business.

The Board of Directors of Oxford College of Business is a strong advocate of good Corporate Governance (CG). OCB’s exemplary corporate governance practices have received many recognitions in the field of education and business practice.

Our values are based on our virtuous circle of “Doing the right thing” for our customers, people, suppliers and shareholders. The Board believes this is vital to creating a sustainable, growing business and is a key responsibility of the Company. This culture supports the Company’s objectives to grow the business through acquiring and retaining customers rather than through opening campuses in multiple locations across the country. It is the Board’s job to ensure that Oxford College of Business is managed for the long-term benefit of all shareholders, with effective and efficient decision-making. Corporate governance is an important part of that job, reducing risk and adding value to our business.

Committe Structure

The Key Functions & Responsibilities of the Board

Strategy

  • Providing direction, guidelines, and approval of, the Company’s strategic direction and business plans as developed by the Management.
  • Directing, monitoring and assessing the Company’s performance against strategic and business plans.
  • Approving and monitoring capital management including major capital expenditure, acquisitions and divestments.
  • Reviewing and approving the annual operating plans and financial budgets.

Risk Management

  • Providing direction, guidelines, and approval of, the Company’s strategic direction and business plans as developed by the Management.
  • Directing, monitoring and assessing the Company’s performance against strategic and business plans.
  • Approving and monitoring capital management including major capital expenditure, acquisitions and divestments.
  • Reviewing and approving the annual operating plans and financial budgets.

Management

  • Providing direction, guidelines, and approval of, the Company’s strategic direction and business plans as developed by the Management.
  • Directing, monitoring and assessing the Company’s performance against strategic and business plans.
  • Approving and monitoring capital management including major capital expenditure, acquisitions and divestments.
  • Reviewing and approving the annual operating plans and financial budgets.

Performance

  • Providing direction, guidelines, and approval of, the Company’s strategic direction and business plans as developed by the Management.
  • Directing, monitoring and assessing the Company’s performance against strategic and business plans.
  • Approving and monitoring capital management including major capital expenditure, acquisitions and divestments.
  • Reviewing and approving the annual operating plans and financial budgets.

Corporate Governance

  • Providing direction, guidelines, and approval of, the Company’s strategic direction and business plans as developed by the Management.
  • Directing, monitoring and assessing the Company’s performance against strategic and business plans.
  • Approving and monitoring capital management including major capital expenditure, acquisitions and divestments.
  • Reviewing and approving the annual operating plans and financial budgets.

Reporting and disclosure

  • Providing direction, guidelines, and approval of, the Company’s strategic direction and business plans as developed by the Management.
  • Directing, monitoring and assessing the Company’s performance against strategic and business plans.
  • Approving and monitoring capital management including major capital expenditure, acquisitions and divestments.
  • Reviewing and approving the annual operating plans and financial budgets.

Board & Committee Leadership

Dr. Penelope Hood

Chairman - Reputation & Responsibility Committee (RRC)

Dr Lyndon Jones

Chairman - Board Audit & Compliance Committee (BACC)
Chairman - Remuneration Committee (RC)

Dr. Trevor Bolton

Chairman Nomination and Governance Committee (NGC)