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Corporate Social Responsibilty

Corporate Social Responsibilty

The Company is committed to achieving sustained commercial success and growing shareholder value. We do this not just by meeting our goals, but also by operating in a socially responsible manner.

The Board of Directors of the Company have approved a policy whereby 2.5% of the profit after tax are donated to charitable organizations during the year.

In the past in collaboration with The Citizens Foundation we have set up two primary schools in areas close to the Factory where currently about 500 children are receiving quality education at highly subsidized rates.

Code of Conduct / Ethics

Code of Conduct / Ethics

The Company’s policy is to conduct its business with honesty and integrity and be ethical in its dealings; showing respect for the interest of those with whom it has a relationship.

Human Resources Committee

Human Resources

ROLE OF THE COMMITTEE

The primary function of the Human Resources Committee is to set the policy framework, review of succession plans for various management levels and recommend the remuneration of Executive Directors and Senior Executives.

Board Audit Committee

Board Audit Committee

ROLE OF THE COMMITTEE

The primary function of the Audit Committee is to assist the Board of Directors in fullfilling the following objectives:

♦ Oversee financial reporting
♦ Evaluate the internal and external audit processes; and
♦ Assess the company's processes relating to its risk and control environment

Compliance to Corporate Governance

Corporate Governance
This statement is being presented to comply with the Code of Corporate Governance as contained in the Listing Regulation of Karachi, Lahore and Islamabad Stock Exchange for the purpose of establishing a frame of "Good Governance", whereby a listed company is managed in compliance with the best practices of Corporate Governance.
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