Karachi: The board of directors of Dewan Cement Limited has completed its annual self-evaluation for the fiscal year ended June 30, 2024, affirming its commitment to effective governance and strategic oversight.

The evaluation concluded that the board, which is responsible for the overall management of the company, has satisfactorily met its objectives for the year. The board, which is governed by applicable laws and regulations, is made up of a group of knowledgeable individuals dedicated to steering the company towards its goals.

Throughout the fiscal year, the board held four meetings, ensuring that all directors received meeting agendas and supporting materials well in advance. This preparation facilitated informed discussions and effective decision-making. According to information available from the Pakistan Stock Exchange (PSX), the directors' involvement in crucial decisions and the overall functioning of the board's committees were found to be effective, leading to a satisfactory assessment of their performance.

The purpose of the board's self-evaluation is to measure and benchmark its performance against the expectations set forth by the company's objectives. This internal review helps maintain transparency and accountability within the company's governance structure.