Group of gulzar & sons Corporate governance refers to the set of rules, practices, and processes through which a company is directed and controlled. It establishes the framework for attaining a company’s objectives while addressing stakeholder interests. Below is a detailed outline of the governance of a company:

1. Governance Structure

• Board of Directors:

The board is responsible for overseeing the company’s management, strategic decisions, and overall direction. It typically includes:

• Executive Directors: Involved in day-to-day operations (e.g., CEO, CFO).

• Non-Executive Directors: Provide independent oversight and reduce conflicts of interest.

• Independent Directors: Ensure objectivity and safeguard shareholder interests.

• Chairperson: Leads the board, facilitates discussions, and ensures effective decision-making.

• Committees under the Board:

To improve efficiency, boards often establish specialized committees:

• Audit Committee: Monitors financial reporting, internal controls, and compliance.

• Remuneration/Compensation Committee: Oversees executive pay and incentives.

• Nomination Committee: Focuses on board composition, director appointments, and succession planning.

• Risk Management Committee: Identifies, assesses, and mitigates business risks.

2. Roles and Responsibilities

• Shareholders:

• Elect board members and vote on critical issues.

• Receive dividends and financial updates.

• Board of Directors:

• Define the company’s mission, vision, and long-term strategies.

• Approve budgets, major investments, and corporate policies.

• Evaluate the performance of the CEO and senior management.

• Management Team:

• Responsible for implementing the board’s strategies.

• Ensure smooth operational execution.

• Report progress and challenges to the board.

3. Principles of Good Governance

• Accountability:

Clear accountability for roles ensures decisions align with stakeholder interests.

• Transparency:

Open communication and disclosure of financial performance, strategies, and risks to shareholders.

• Fairness:

Equitable treatment of all stakeholders, including minority shareholders.

• Responsibility:

Comply with legal and ethical obligations.

4. Key Policies in Governance

• Code of Ethics:

Guides directors and employees on ethical behavior and decision-making.

• Conflict of Interest Policy:

Ensures personal interests do not interfere with company decisions.

• Whistleblower Policy:

Protects individuals reporting unethical or illegal activities.

• Corporate Social Responsibility (CSR):

Focuses on sustainability, environmental stewardship, and community impact.

5. Legal and Regulatory Compliance

• Adherence to Laws:

Follow applicable corporate, labor, tax, and environmental laws.

• Financial Reporting Standards:

Comply with International Financial Reporting Standards (IFRS) or Generally Accepted Accounting Principles (GAAP).

• Stock Exchange Requirements:

If publicly listed, meet the reporting and governance standards set by the exchange.

6. Performance Monitoring and Reporting

• Internal Audits:

Assess internal controls and risk management processes.

• External Audits:

Provide independent verification of financial statements.

• Periodic Reports:

Shareholder updates through annual reports, sustainability reports, and quarterly earnings calls.

7. Stakeholder Engagement

• Shareholder Meetings:

Annual General Meetings (AGMs) and Extraordinary General Meetings (EGMs) allow stakeholders to voice concerns.

• Investor Relations:

Maintain ongoing communication with shareholders and analysts.

• Community and Employees:

Incorporate feedback from local communities and staff to align with corporate social responsibilities.

GROUP OF GULZAR & SONS FOUNDER & EX-CHAIRMAN 

MAIN MUHAMMAD GULZAR

GROUP OF GULZAR & SONS CHAIRMAN & CEO (CHEIF EXECUTIVE OFFICER)

MALIK MUHAMMAD IJAZ

GROUP OF GULZAR & SONS CO-F (CO-FOUNDER)

MALIK MUHAMNMAD AHMAD

GROUP OF GULZAR & SONS MD(MANAGING DIRECTOR)

MALIK MUHAMMAD SAJJAD

GROUP OF GULZAR & SONS CFO (CHEIF FINANCIAL OFFICER)

MALIK MUHAMMAD AHSAN

GROUP OF GULZAR & SONS (HEAD OF LEGAL AFFAIRES)

MEHROZ MALIK

(L.L.B HONS UNIVERSITY OF LONDON)

(BAR AT LAW UNIVERSITY OF LONDON )

(L.L.M UNIVERSITY OF LONDON)