Board Technology Committee Report

Composition of the Committee

The Committee, as at the end of the year, comprised the following members:

Prof. A.K.W. Jayawardane (Chairman)
Mr. J. Durairatnam (Managing Director/CEO)
Mr. S. Renganathan (Executive Director/ Chief Operating Officer)
Mr. L.H. Munasinghe (Deputy General Manager – Marketing)
Mr. Krishan Gamage (Assistant General Manager – Information Technology)
Mr. D.B. Saparamadu (Consultant)

Please refer this section for profiles of the Board Members.

Assistant General Manager - Information Technology functions as the Secretary of the Committee.

Charter of the Committee

The Committee was established by the Board of Directors, in recognition of the degree of reliance of the Bank on technology and the growing demands of IT Governance.

The Committee has been empowered to:

• Set the overall technology strategy and track progress of the objectives to meet this strategy.
• Review significant technology procurements, prior to them being sent to the Board of Directors for approval.
• Analyse emerging technology and its potential use.

There were 3 committee meetings during the year, with attendance of members listed on Table 4. Periodic updates are given to the Board of Directors on the progress of BTC objectives.

Activities in 2015

The Committee reviewed progress of strategic objectives. The Committee also reviewed significant items for procurement and recommended them for approval by the Board of Directors.

Prof. A.K.W. Jayawardane
Chairman – Board Technology Committee

Colombo
February 24, 2016