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Corporate Governance: Executive and Non - Executive Directors

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Corporate Governance: Executive and Non - Executive Directors

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.
Copyright
© © All Rights Reserved
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CORPORATE GOVERNANCE

Executive and Non - Directors’ Qualification Attendance at


(Number) BOD Meetings
Executive Directors (Number)
14
There are twelve non-executive directors
and only one executive director, 12
exceeding the regulatory requirement 1 3
of two third representation by non- 10

executive directors on the Board.


8

Female Directors 9 6

FFC Governance framework strives 4


for gender diversity on the Board of
Directors. At present there are two 2

female directors on the Company Board,


exceeding the regulatory requirement of 0
211th 212th 213th 214th 215th
BOD BOD BOD BOD BOD
one female director on the Board of a Business / Finance Engineering Other
Attendance Quorum required
listed company.

Composition of Changes to the addition to any special meetings which


may be held during the year to discuss
the Board
(Number) Board other important matters.

The current board was formulated in FFC’s Board of Directors held five
1 October 2021 and will complete its meetings during the year to discuss
2 tenure in October 2024. routine and special matters, along with
guidance to the management to achieve
The two directors - Dr Hamid Ateeq Company’s objectives. In compliance
Sarwar and Syed Zafar Ali Shah resigned with the applicable laws, notices and
2 during the year whereas Mr Iftikhar Ali meeting agendas were circulated in a
8 Sahoo joined the Company’s Board timely manner.
of Directors. The Board would like to
record its appreciation for the invaluable As prescribed by the Companies Act
contributions rendered by the outgoing 2017 and other applicable regulations;
directors, and also extends a warm the minimum quorum requirement
Executive Director Non-Executive Directors welcome to the incumbent director. of attendance was exceeded in all
Independent Directors Female Directors (Independent) Board meetings. Chief Financial Officer
Board believes the team would continue and Company Secretary were also in
to operate effectively towards the attendance in all the meetings.
Directors’ Tenure attainment of Company’s objectives and
(Number) enhancement of shareholders’ wealth. The proceedings of the meetings were
precisely recorded by the Company

Meetings of the
1-3
9 Secretary, and timely circulated to
Years
all directors for endorsement and

3-6
3
Board were approved in subsequent Board
meetings.
Years

Under the regulatory framework, the


Board is required to meet at least
>6
Years 1 once every quarter to ensure effective
monitoring of Company’s Performance in

100

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