The committee comprises retired Court of Appeal judge, Justice N .Sunil Rajapaksha chiarman .Sri Jayawardenapura Vice Chancellor professor Sampath Amarathunga and leading banker Mangala Boyagoda.
The committee will investigate and report on any drop in company financial performance since 2011 and if so contributory factors and responsible officers.
It will also inquire into any mal practice or irregularity failure in project governance, failure in project governance and management from project planning since 2008 as well as from present out sourcing and vender financing models.
The committee will also inquire into malpractices, irregularities or failures in strategy formulation, operational planning and implementation to face market competition.
The appointment of the committee and its terms and reference had been approved by the SLT Board of directors at its meeting recently.
The newly appointed committee will submit its final report to the board on or before January 31 next year.