KARACHI: The Board of Directors of Fateh Sports Wear Limited has successfully met the compliance standards required under the Companies Act-2017 and the Listed Companies (Code of Corporate Governance Regulations, 2019), according to a review report for the financial year ended June 30, 2024. According to information available from the Pakistan Stock Exchange (PSX), the annual evaluation was carried out to assess the effectiveness and performance of the Board, with findings indicating satisfactory results.

The review, mandated by corporate governance regulations, aims to benchmark the Board's performance against the objectives set for the company, ensuring that any areas needing improvement are addressed. The evaluation process confirmed that the Board complies with all stipulations regarding its composition, procedures, and the frequency of meetings.

Documents including agendas and supporting materials were provided to all members of the Board in a timely manner before each meeting, facilitating informed discussions and decision-making. The assessment highlighted the active involvement of both executive and non-executive directors in significant corporate decisions, reflecting a balanced and engaged leadership.

Moving forward, the Board intends to continue its vital role in steering the company towards further success by enhancing its performance and adhering to the principles of good corporate governance. The Chairperson of the Board expressed gratitude to the management and shareholders for their trust and confidence in the leadership and vowed to maintain the high standards set in the ongoing fiscal years.