About - Sustainability

Corporate Governance

"At Blue Ocean Residencies we placed a great emphasis and importance on the principles and practices of good Corporate Governance. We firmly believe that implementation of sound principles of Corporate Governance is important to the Group's overall success and in securing the confidence of its shareholders, customers, employees as well as other stakeholders in the industry.

Our Board of Directors is committed to uphold the highest standards of integrity and transparency in the governance of the Company and its subsidiaries. In respect to Corporate Governance, the Group is guided by the Code of Best Practice of the Institute of Chartered Accountants of Sri Lanka which includes:

• Focus on creating value - the foundation of economic growth.
• Exceed the expectations of our customers in all our transactions.
• Link rewards and recognition with ability, performance and contribution.
• Place the highest value on integrity and loyalty.
• Make environmental management a high priority in all our operations.
• Contribute towards the social and economic development of our Nation.

Finance

By recognizing the synergies and value additions that can be gained through the centralization of certain services such as Corporate Finance, Treasury, Corporate Planning, Project Evaluation, Taxation, Company Secretarial, Information & Technology, Internal Audit, Legal, Human Resources, Security and Personnel Functions and by functioning accordingly, the Group has been able to bring everyone under the umbrella of Blue Oceans Holding (Pvt.) Ltd.

This has resulted in building a pool of resources in diverse fields within the Group. Functioning through centralized services also enhances potential expertise of the respective disciplines most effectively by providing a valuable impetus to the Group's growth and expansion.

Management

Strong leadership is the central attribute to attain our aim of becoming a globally competitive market leader. Knowing this fact fully well, upon the invitation of the Group, Knowledge Base Associates-Corporate Trainers conducted a leadership programme for the senior management of the Group to improve their skills in the disciplines of leadership and effective management.

This initiative was coupled with the creation of development plans for top performers backed by individual assessment and accredited business training. We continue our journey towards leadership development with Knowledge Base Associates (Pvt.) Ltd. The current leaders, who empowered with the initiative of Knowledge Base Associates (Pvt.) Ltd., will set the tone for the future managers of the Group