Page 79 - InterloopAnnualReport2020

STATEMENT OF COMPLIANCE

Listed Companies (Code of Corporate Governance)
Regulations, 2019

Name of company : Interloop Limited
Year Ending : June 30, 2020

The company has complied with the requirements of the Regulations in the following manner:

1. The total number of directors are Seven (7) as per the following:

a. Male : Six (6)
b. Female : One (1)

2. The composition of Board is as follows:

Category Names
Tariq Iqbal Khan
Independent Directors
Saeed Ahmad Jabal
Musadaq Zulqarnain
Other Non-Executive Directors Jahan Zeb Khan Banth
Shereen Aftab
Navid Fazil
Executive Directors
Muhammad Maqsood

3. The directors have confirmed that none of them is serving as a director on more than seven listed companies, including
this Company;

4. The Company has prepared a code of conduct and has ensured that appropriate steps have been taken to disseminate
it throughout the Company along with its supporting policies and procedures;

5. The Board has developed a vision/mission statement, overall corporate strategy and significant policies of the Company.
The Board has ensured that complete record of particulars of the significant policies along with their date of approval or
updating is maintained by the Company;

6. All the powers of the Board have been duly exercised and decisions on relevant matters have been taken by the Board/
Shareholders as empowered by the relevant provisions of the Act and these Regulations;

7. The meetings of the Board were presided over by the Chairman and, in his absence, by a director elected by the Board
for this purpose. The Board has complied with the requirements of Act and the Regulations with respect to frequency,
recording and circulating minutes of meeting of the Board;

8. The Board has a formal policy and transparent procedures for remuneration of directors, in accordance with the Act and
these Regulations;

9. The Board has already arranged Directors’ Training program in the previous year;

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