Page 42 - InterloopAnnualReport2021

HUMAN RESOURCE & REMUNERATION COMMITTEE (HR&R)

The Committee meets to review and recommend all elements of compensation, organization and employee
development policies related to the senior executives. During the year 2020-21, Six (6) 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
Saeed Ahmad Jabal ( Chairman) 6
Navid Fazil 6
Jahan Zeb Khan Banth 6

NOMINATION COMMITTEE (NC)

A Board Nomination Committee has been constituted to assist the Board, primarily in keeping the structure, size and
composition of the Board under regular review and for making recommendations to the Board with regard to any
changes necessary therein. No meeting of the Committee was held during the year 2020-21.

Name(s) of Committee Members
Musadaq Zulqarnain (Chairman)
Navid Fazil

Muhammad Maqsood

RISK MANAGEMENT COMMITTEE (RMC)

A Risk Management Committee has been constituted this fiscal year to assist the Board, primarily for reviewing and
identifying the systems of internal control and risk management of the company, to identify any weaknesses and for
making recommendations to the Board with regards to any major necessary intervention required therein. During the
year 2020-21, One (1) Committee meeting was held. The names of Directors & Members who attended the meeting
are as follows:

Meetings
Name(s) of Committee Members
Attended
Tariq Iqbal Khan (Chairman) 1
Muhammad Maqsood 1
Yaqub Ahsan 1
Syed Hamza Gillani 1

BOARD EVALUATION

As required under the Code of Corporate Governance, The assessment of the Board is conducted against the
the Board conducts a self-evaluation of its performance defined parameters including but not limited to the
on an annual basis. The evaluation also includes the overall structure and size of the Board, integrity, credibility
assessment of the performance of the Executive Directors, and trustworthiness in decision making, clarity in setting
Independent Directors, and its Sub Committees. The the Board’s own performance targets, preparedness
Board of Directors believe that a continuous assessment for the Board meetings, agility and effectiveness of the
is critical to measure how effectively the Board has Board and quality of contribution by the members.
performed against the objectives and goals that they
have set for themselves. Based on the results, the areas The overall performance of the Board and its sub-
of improvements are identified, and corrective action committees measured on the basis of approved criteria
plans are prepared. remained satisfactory.

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