HR and Remuneration Committee
- Hafsa Abbasy (Independent Director- Committee Chairman)
- Shariq Maqbool Elahi (Non-Executive Director)
- Ehtesham Maqbool Elahi (Executive Director)
Purpose
The HR & Remuneration Committee is appointed by the Board to assist the Board in fulfilling its responsibilities relating to leadership development and compensation of the Company’s directors, executive officers and other key management personnel.
Composition
The HR & Remuneration Committee shall have at least three members comprising a majority of non-executive directors.
Responsibilities
The HR & Remuneration Committee has the following responsibilities:
- Recommend significant human resource management policies to the Board
- Recommend to the Board, the selection, evaluation, compensation (including retirement benefits) and succession planning of the CEO
- Recommend to the Board, the selection, evaluation, compensation (including retirement benefits) of COO, CFO, Company Secretary and Head of Internal Audit
- Consider and approve, on recommendation of the CEO, matters regarding key management positions which report directly to the CEO or COO
- Consider and approve recommendations of the HR Executive Committee
- Report regularly to the Board following meetings of the Committee
Meetings
The Committee shall meet on a needs basis or when directed by the Board.
The Company Secretary sets the agenda, time, date and venue of the meeting in consultation with the Chairman of the Committee.
The Secretary of the Committee shall submit the minutes of the meeting duly signed by its Chairman to the Company Secretary. These minutes are then circulated within the Board.
