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    Committees of The Boar: Presentator

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    Taha Saleem
    This document discusses the various committees of a corporate board, including their purpose and responsibilities. It covers the audit committee, which oversees financial reporting and audits. It also discusses the human resource and remuneration committee, which recommends HR policies and executive compensation. Additionally, it summarizes the nomination committee, which evaluates board candidates, and the risk management committee, which oversees risk policies. The document provides details on the composition, meetings, resources, and terms of reference for each committee.

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    Committees of The Boar: Presentator

    Uploaded by

    Taha Saleem
    16 views11 pages
    This document discusses the various committees of a corporate board, including their purpose and responsibilities. It covers the audit committee, which oversees financial reporting and audits. It also discusses the human resource and remuneration committee, which recommends HR policies and executive compensation. Additionally, it summarizes the nomination committee, which evaluates board candidates, and the risk management committee, which oversees risk policies. The document provides details on the composition, meetings, resources, and terms of reference for each committee.

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    CG PPT

    Original Title

    Corporate Governance

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    This document discusses the various committees of a corporate board, including their purpose and responsibilities. It covers the audit committee, which oversees financial reporting and audits. It also discusses the human resource and remuneration committee, which recommends HR policies and executive compensation. Additionally, it summarizes the nomination committee, which evaluates board candidates, and the risk management committee, which oversees risk policies. The document provides details on the composition, meetings, resources, and terms of reference for each committee.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    16 views11 pages

    Committees of The Boar: Presentator

    Uploaded by

    Taha Saleem
    This document discusses the various committees of a corporate board, including their purpose and responsibilities. It covers the audit committee, which oversees financial reporting and audits. It also discusses the human resource and remuneration committee, which recommends HR policies and executive compensation. Additionally, it summarizes the nomination committee, which evaluates board candidates, and the risk management committee, which oversees risk policies. The document provides details on the composition, meetings, resources, and terms of reference for each committee.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 11

    CODE OF CORPORATE

    GOVERNANCE

    COMMITTEES
    OF THE BOARD
    PRESENTATOR
    MUHAMMAD TUHA
    ABDUL BASIT
    CORPORATE
    GOVERNANCE

    Corporate Governance

    Corporate governance is the system by which companies are directed


    and controlled. Boards of directors are responsible for
    the governance of their companies. The shareholders' role
    in governance is to appoint the directors and the auditors and to satisfy
    themselves that an appropriate governance structure is in place.
    COMMITTEES OF THE
    BOARD

    Human
    Audit Resource and
    Committee Remuneration
    Committee

    Risk
    Nomination
    Management
    Committee
    Committee
    AUDIT COMMITTEE

    An audit committee is a committee of an organization's board of


    directors which is responsible for oversight of the financial
    reporting process, selection of the independent auditor, and
    receipt of audit results both internal and external.

    At least 3 Chairman of
    members, At least 1 Chairman of
    the committee
    comprising members the committee
    shall not be
    non- Independent shall be an
    the chairman
    executive directors independent
    of the board
    directors

    At Post 20 Year
    me lea
    “fi m st 1 Graduated Experience
    n b Professional 10 Year
    lit anci ers Accountant
    from HEC
    Experience
    of senior
    er al
    ate ly recognized management
    ” university
    MEETINGS OF THE AUDIT
    COMMITTEE

    At least once every quarter of the Request by the external


    financial year auditors, head of internal audit &
    chairman of the audit committee.

    Provided that chief executive officer and the


    NOTE chief financial officer shall not be members of
    the audit committee
    ADEQUATE RESOURCES
    AND AUTHORITY

    (i) determination of appropriate measures to


    safeguard the company’s assets;
    (ii) review of annual and interim financial
    statements of the company, prior to their approval
    by the Board, focusing on,-
    (a) major judgmental areas;
    (b) significant adjustments resulting from the
    audit;
    (c) going concern assumption;
    (d) any changes in accounting policies and
    practices;
    (e) compliance with applicable accounting
    standards;
    (f) compliance with these Regulations and other
    statutory and regulatory requirements; and
    (g) all related party transactions;

    It is mandatory that the secretary of audit


    committee shall circulate minutes of
    meetings of the audit committee to all
    members, directors, head of internal audit
    and where required to chief financial officer
    HUMAN RESOURCE AND
    REMUNERATION COMMITTEE

    Purpose. The Human Resource & Remuneration Committee (the


    “Committee”) shall discharge the Board's responsibilities relating
    to the human resource functions of the Company's executives.
    The Committee shall be responsible for recommending human
    resource management policy to the Board

    At least 3
    At least 1 Committee shall
    members,
    member shall meet at least
    comprising
    be an once in a
    Non Executive
    independent financial year
    Member

    CEO & Head of


    HR attend
    meeting only No participate
    by invitation (If if !
    Not Member of
    committee)
    TERMS OF REFERENCE

    The terms of reference of committee shall be determined by the


    Board which may include the following,-

    Recommende
    dApprovals
    selection,
    Recommende
    Selection of
    development,
    Evaluation
    and of
    d HRM
    HR
    Remuneratio
    compensatio
    Performance
    consultant
    npolicies
    ofns
    CEO,
    COO, IA,
    NOMINATION
    COMMITTEE

    A nomination committee is a committee that acts as


    part of an organization's corporate governance.
    A nomination committee will evaluate the board of
    directors of its respective firm and examine the skills
    and characteristics needed in board candidates.

    Shall be responsible for


    (i) considering and making recommendations to the
    Board in respect of the Board’s committees and the
    chairmanship of the Board’s committees; and
    (ii) keeping the structure, size and composition of the
    Board under regular review and for making
    recommendations to the Board with regard to any
    changes necessary.
    RISK MANAGEMENT
    COMMITTEE

    The Risk Committee (the “Committee”) is an


    independent committee of the Board of Directors that has, as
    its sole and exclusive function, responsibility for the risk
    management policies of the Corporation's global operations
    and oversight of the operation of the Corporation's global risk
    management framework.

    Shall be Perform

    (i) monitoring and review of all material controls (financial,


    operational, compliance);
    (ii) risk mitigation measures are robust and integrity of
    financial information is ensured; and
    (iii) appropriate extent of disclosure of company’s risk
    framework and internal control system in Directors report.
    This Was All About “Committees of the
    Board” from our End

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