Page 59 - InterloopAnnualReport2021

11. Chief Financial Officer and Chief Executive Officer duly endorsed the financial statements before approval
of the Board;
12. The Board has formed committees comprising of members given below:

A) AUDIT COMMITTEE

Tariq Iqbal Khan Chairman
Saeed Ahmad Jabal Member
Jahan Zeb Khan Banth Member

B) HUMAN RESOURCE AND REMUNERATION COMMITTEE

Saeed Ahmad Jabal Chairman
Navid Fazil Member
Jahan Zeb Khan Banth Member

C) NOMINATION COMMITTEE

Musadaq Zulqarnain Chairman
Navid Fazil Member

Muhammad Maqsood Member

D) RISK MANAGEMENT COMMITTEE

Tariq Iqbal Khan Chairman
Muhammad Maqsood Member
Yaqub Ahsan Member
Syed Hamza Gillani Member

13. The terms of reference of the aforesaid committees have been formed, documented and advised to the
committee for compliance;
14. The frequency of meetings (quarterly/half yearly/yearly) of the committees was as follows:
a) Audit Committee – Quarterly
b) Human Resource and Remuneration Committee – On requirement basis
c) Nomination Committee - On requirement basis
d) Risk Management Committee – On requirement basis

15. The Board has set up an effective Internal Audit function which comprises of professionals suitably qualified
and experienced for the purpose, and are conversant with the policies and procedures of the company;

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