Karachi: Dewan Salman Fibre Limited's Board of Directors has completed its annual review, evaluating their governance and policy formulation roles for the financial year ending June 30, 2024. The Board, structured to comply with relevant laws and regulations, conducted four meetings during the year to ensure effective oversight and decision-making.

According to the Chairman's review, the Board consists of individuals with a wide range of expertise who aim to contribute to the company’s objectives. The Board's duties, obligations, and rights are clearly defined, allowing for efficient governance. An annual self-evaluation was conducted to measure and benchmark the Board's performance and effectiveness against the company's objectives.

The review emphasizes the Board's gratitude towards the team members for their dedication and professionalism, which enabled them to meet obligations despite challenging working conditions. The non-executive and independent directors actively participated in significant decision-making, ensuring a well-rounded governance approach.

According to information available from the Pakistan Stock Exchange (PSX), the Board's overall performance for the year was deemed satisfactory, with directors receiving agendas and supporting materials in advance of meetings. The evaluation underscores the Board's commitment to maintaining high levels of service and supporting team well-being.