Page 41 - InterloopAnnualReport2021

the Listed Companies (Code of Corporate Governance) Regulations, 2019. A statement to this effect is annexed with
this annual report.

BOARD OF DIRECTORS AND ITS COMMITTEES

THE BOARD

Interloop Limited has a Seven-Member (6 Male & 1 Female) Board of Directors which comprises of individuals with
diverse backgrounds, having core competencies, knowledge and expertise relevant to the business of the company.
Moreover, none of the Executive Directors of the company are serving as a Non-Executive Director in another Listed
company. Our Board composition represents the interests of all categories of Shareholders and consists of:

• Independent Directors 2
• Other Non-Executive Directors 3
• Executive Directors 2

During the year, Eight (8) Board meetings were held. The names of Directors and the number of meetings attended by
each Director are as follows:

Meetings
Name(s) of Director(s)
Attended
Musadaq Zulqarnain Chairman/Non-Executive Director 8
Navid Fazil Chief Executive Officer/ Executive Director 8
Jahan Zeb Khan Banth Non-Executive Director 8
Muhammad Maqsood Group CFO/Executive Director 8

Shereen Aftab Non-Executive Director 1
Saeed Ahmad Jabal Independent Director 8
Tariq Iqbal Khan Independent Director 8

FEMALE DIRECTOR

Shereen Aftab is the only female Director on the Board of Directors of the company.

BOARD COMMITTEES

The Board of Directors has constituted Board’s Audit Committee (AC), Human Resource & Remuneration Committee
(HR&R), Nomination Committee (NC) and Risk Management Committee (RMC) as follows:

AUDIT COMMITTEE (AC)
The Board Audit Committee assists the Board in fulfilling its oversight responsibilities, primarily in reviewing and
reporting financial and non-financial information to Shareholders, and the audit processes. During the year 2020-21,
Nine (9) Committee meetings were held. The name of Directors and number of meetings attended by each Director are
as follows:

Meetings
Name(s) of Committee Members
Attended
Tariq Iqbal Khan ( Chairman) 9

Saeed Ahmad Jabal 9
Jahan Zeb Khan Banth 8

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