Page 58 - InterloopAnnualReport2021

STATEMENT OF COMPLIANCE

Listed Companies (Code of Corporate Governance)
Regulations, 2019

Name of Company : Interloop Limited
Year Ending : June 30, 2021

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
Other Non-executive Directors Musadaq Zulqarnain
(excluding female director) Jahan Zeb Khan Banth
Navid Fazil
Executive Directors
Muhammad Maqsood
Female Directors
Shereen Aftab
(Non-Executive)
Note: For a Board comprising of seven member, one-third equates to 2.33. Two independent directors have
been appointed, however, the fraction of 0.33 in such one-third is not rounded up as one since the fraction is
below half (0.5);

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. All the directors are either exempt or have acquired the prescribed certification under Directors’ Training
Program specified and approved by the Commission. Supplemental to that, one female executive also
obtained Directors’ Training Program Certification from ICAP during the fiscal year under consideration;
10. The Board has approved the appointment of the Chief Financial Officer, Company Secretary, and Head of
Internal Audit, including their remuneration and terms and conditions of employment and complied with
relevant requirements of the Regulations;

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