The Company places great emphasis on values such as empowerment and integrity of its employees, safety of the employees & communities surrounding our plants, transparency in decision making process, fair & ethical dealings with all, pollution free clean environment and last but not the least, accountability to all the stakeholders.
Our governance structure is based on the principles of freedom to the executive management within a given framework to ensure that the powers vested in the executive management are exercised with due care and responsibility so as to meet the expectation of all the stakeholders. In line with these principles, the Company has formed three tiers of Corporate Governance structure, viz.
Board of Directors
The primary role of the Board is to protect the interest
and enhance value for all the stakeholders. It conducts
overall strategic supervision and control by setting the
goals & targets, policies, reporting mechanism &
accountability and decision making process to be followed.
Committees of the Board of Directors
such as Audit Committee and HRR Committee are focused
on financial reporting, audit & internal controls,
compliance issues, appointment and remuneration of
Directors and Senior Management Employees,
implementation and monitoring of CSR activities and the
risk management framework.
Executive Management:
The entire business including the support services are
managed with clearly demarcated responsibilities and
authorities at different levels. Executive Management is
delegated at approriate level such as Chief Executive Officer, Core Executive Committee,
Plant Head, and Functional Heads.
Chief Executive Officer
The CEO is responsible for achieving the Company’s vision
and mission, business strategies, project execution,
mergers and acquisition, significant policy decisions and
all the critical issues having significant business & financial
implications. He is also responsible for the overall
performance and growth of the Company and ensures
implementation of the decisions of the Board of Directors
and its various Committees.
Core Executive Committee
The Executive Committee is constituted and headed by CEO and comprised of the CEO, Chairman,
Executive Director Operation, Director Commercial, General Manager Plant, Chief Financial Officer,
Financial Controller, Manager Planning and Budgeting, and Manager Purchase. This committee is a brain
storming committee where all important business issues
are discussed and decisions are taken. This Committee
reviews and monitors monthly performances, addresses
challenges faced by the business, draws strategies and
policies and keep the Board informed about important
developments having bearing on the operational and
financial performance of the Company.
Plant Head
Executive Director Operation (EDO) is responsible for the
monitoring and execution of the BMR and expansion
projects. He also provides guidance in the plant operation
of the Plant. General Manager Plant is responsible for the day to day
operation, maintenance and affairs of the plant. GM
Works reports to EDO.
Functional Heads
Each Functional Head is responsible for the day-to-day
business and related functions within their respective
domain.
Risk Management Committee
The Risk Management Committee comprises of the CEO,
Chairman of the Audit Committee, CFO, Financial Controller,
and Chief Internal Auditor. The committee is required to
lay down the procedures to inform to the Board about
the risk assessment and minimization procedures and
the Board shall be responsible for framing, implementing
and monitoring the risk management plan of the
Company. The Risk Management Committee met once
in the Financial Year.
Key Executive Management:
Mr. Abdul Shoeb Piracha (Director Commercial)
Mr. Muhammad Shamail Javed ACA (Chief Financial Officer)
Mr. Syed Firasat Abbas (General Manager Plant)
Mr. Iqbal Ahmed Rizvi FCA (General Manager Taxation)
Mr. Lt. Col (R) Syed iftikhar Ali (General Manager Admin)
Mr. Rana Muhammad Ejaz (General manager Marketing)
Mr. Farukh Naveed ACA (Senior Manager Finance)
Mr. Muhammad Tahir (Manager Planning and Budgeting)
Mr. Mohsin Baig (Manager Purchase)
Mr. Hassan Mehdi ACA (Chief Internal Auditor)