Page 32 - UBF AR 2018 - E Version

Register of Directors and Secretaries Board. The Board Committee members liaise with the
Key Management Personnel in their day to day activities
The Company maintains a registry of Directors and whenever necessary to ensure the safety and
Secretaries. The names and addresses and their business soundness of the Company.
occupations are set out in this register.
The Board of Directors have always taken decisions in
Communication accordance with the prevailing laws and regulations
of the Country and those specifically imposed by the
The Company has a Board approved Communication regulatory bodies.
Policy detailing its communication processes and
channels with all its stakeholders.

The Directors declare their interest in contracts at
meetings and have refrained from voting when decisions
are taken in respect of these.

Directors' Transactions with the Company / Related
Party Disclosures

Directors' transactions with the Company / Related
party disclosure are disclosed on page 95.

Events after the Reporting period

There were no post balance sheet events, except for the
disclosures made under note 34.

Interest Register

The Company is adhering to the requirements stipulated
in the Companies Act No.7 of 2007 and an Interest
Register is maintained in line with the said article.
Monthly the Board of Directors declare all related party
transactions at the Board Meeting and accordingly the
interest register is updated.

Compliance with Rules & Regulations including
Corporate Governance Practices

The Board of Directors act in compliance with
the statutory requirements and has continuously
communicated with the regulatory and supervisory
bodies. A compliance report is tabled at the monthly
Board meeting informing the status of compliance levels
as per the statutory requirements.

The Board has delegated its business operations to the
Key Management Personnel led by the Chief Executive
Officer and business operations are monitored by the

30 UB Finance