Karachi: The Board of Directors at Sana Industries Limited has successfully conducted its annual evaluation for the fiscal year ending June 30, 2024, concluding that the board's performance met all set objectives effectively. This evaluation, a requisite under the Companies Act, 2017 and the Code of Corporate Governance, assessed various aspects of the board’s functions from strategic planning to fiscal management.

The evaluation focused on the board’s understanding of its vision, mission, and values, ensuring that these align with the strategic goals and the needs of stakeholders. According to information available from the Pakistan Stock Exchange (PSX), the board demonstrated robust engagement in strategic planning, policy formulation, monitoring of business activities, and managing financial resources.

Throughout the year, the board maintained effective oversight over the company's fiscal operations, ensuring equitable treatment of employees and efficiency in board-related processes. Key achievements included the approval of corporate objectives, business strategies, and budgets, which were thoroughly reviewed and discussed in meetings held throughout the year.

The Board of Directors at Sana Industries is composed of a diverse mix of independent and non-executive directors, bringing a broad range of perspectives to the decision-making process. This diversity has been crucial in facilitating comprehensive discussions and informed decisions on significant matters.

This annual board evaluation underscores Sana Industries' commitment to governance excellence and transparency, setting a benchmark for corporate governance standards within the industry.