Karachi: AKD Securities Limited has demonstrated strong governance and strategic management, according to a recent report by the Chairperson, reviewing the overall performance of the Board and its effectiveness in achieving the company's objectives.
In the review presented to stakeholders, the Chairperson highlighted the meticulous role of the Board in safeguarding shareholders' interests and managing the company's affairs efficiently to achieve its objectives, in line with applicable laws and regulations. According to information available from the Pakistan Stock Exchange (PSX), the Board comprises individuals with diverse backgrounds in finance, audit, business, and banking, ensuring a mix that enhances corporate governance standards.
The review outlined the Board's continuous involvement in the strategic planning process, enterprise risk management, policy development, and financial oversight. It emphasized that the Board adheres to the Code of Corporate Governance, evaluating its performance through a self-developed mechanism and maintaining high standards of governance through regular meetings with the required quorum and thorough record-keeping.
Furthermore, the Board's proactive engagement in formalizing corporate decisions was noted, with significant issues being deliberated in Board or committee meetings throughout the year. The Board has also ensured the implementation of an adequate internal control system, assessing it through self-assessment mechanisms or internal audit activities.
The Chairperson's report commended the Board for ensuring timely information sharing among its members and keeping them informed of developments between meetings. It also praised the Board for prioritizing compliance with all applicable laws and regulations, reflecting their commitment to lawful and ethical governance.
In conclusion, the Chairperson expressed gratitude towards the Board members and all employees of AKD Securities Limited for their dedication and hard work, which has been pivotal in driving the organization towards its goals.