Colombo, 09 September 2026 – Bogala Graphite Lanka PLC (BOGALA), a prominent entity listed on the Colombo Stock Exchange (CSE), today announced the reconstitution of three of its pivotal board sub-committees. Effective 09 September 2026, the company has restructured its HR & Remuneration Committee (HR & REMCO), Related Party Transactions Review Committee (RPTRC), and the Nominations & Governance Committee (NGC).
A significant development in this reconstitution is the appointment of Mr. Noah A. Nichelson, a Non-Executive Director, as a new member across all three committees. The re-constitution was officially approved by the company’s board and the Nominations & Governance Committee on 09th September 2026, underlining Bogala Graphite Lanka PLC’s commitment to robust corporate governance and oversight.
Strengthening Corporate Governance Framework
The strategic re-composition of these committees is crucial for enhancing Bogala Graphite Lanka PLC’s governance structure, ensuring compliance, ethical practices, and effective decision-making at the highest levels. Each committee plays a vital role in different facets of the company’s operations and strategic direction.
Reconstituted Committees Details:
Nominations & Governance Committee (NGC)
The NGC is responsible for identifying and recommending suitable candidates for appointment to the Board, ensuring a balanced and effective board structure, and overseeing corporate governance principles. The newly constituted NGC comprises:
- Ms. Averil Ludowyke – Chairperson (Independent Non-Executive Director)
- Mr. Shivan Coorey – Member (Independent Non-Executive Director)
- Ms. Coralie Pietersz – Member (Non-Executive Director)
- Mr. Noah A. Nichelson – Member (Non-Executive Director)
HR & Remuneration Committee (HR & REMCO)
The HR & REMCO is tasked with reviewing and approving the company’s human resources policies, remuneration structures, and performance management systems. The updated committee now includes:
- Mr. Shivan Coorey – Chairperson (Independent Non-Executive Director)
- Ms. Averil Ludowyke – Member (Independent Non-Executive Director)
- Ms. Coralie Pietersz – Member (Non-Executive Director)
- Ms. Ulla Neunzert – Member (Non-Executive Director)
- Mr. Noah A. Nichelson – Member (Non-Executive Director)
Related Party Transactions Review Committee (RPTRC)
The RPTRC plays a critical role in scrutinizing and approving transactions involving related parties, ensuring transparency, fairness, and adherence to regulatory requirements. Its new composition is:
- Mr. Shivan Coorey – Chairperson (Independent Non-Executive Director)
- Ms. Averil Ludowyke – Member (Independent Non-Executive Director)
- Mr. Amila Jayasinghe – Member (Executive Director)
- Mr. Noah A. Nichelson – Member (Non-Executive Director)
The appointments and reconstitutions are part of Bogala Graphite Lanka PLC’s ongoing efforts to maintain high standards of corporate governance, transparency, and accountability for its stakeholders and investors.
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