Governance

Board of Directors

The Board of Directors of PACRA comprises eight professionals drawn from diverse fields. Three Directors are Non-Executive, two are nominee directors of LSE Financial Services Limited while two of them are Independent. The day-to-day management of the Company is conducted by the Chief Executive Officer subject to the supervision and control of the Board of Directors. PACRA Board plays a pivotal role in ensuring good governance. The Board's role, functions, responsibility, and accountability are clearly defined. Primary role of Board is to assess the overall direction and strategy of the business by overseeing the day-to-day operation of the business and foster an environment that encourages ethical conduct and a commitment to legal compliance. In order to further its goal of sound governance practices, the board also plays a substantive role in establishing a policy based governance system, reviewing and amending its bylaws periodically as necessary, avoiding conflicts of interest or even the appearance of them, identifying complaints in their various forms and ensuring they are investigated by the right people and fiduciary duty to protect the PACRA's assets and members' investment. The Members of the Board have liberty to express their opinion and decisions are taken on the basis of a consensus arrived at after detailed discussions. The Members are free to bring up any matter for discussion at the Board Meetings with the permission of the Chairman.

Mr. Tariq Jamil

Mr. Tariq Jamil

Independent Director | Chairman
Date of Appointment: 31-Dec-19
Mr. Najaf Yawar Khan

Mr. Najaf Yawar Khan

Independent Director
Date of Appointment: 31-Dec-19
Mr. Omar Khalil Malik

Mr. Omar Khalil Malik

Nominee Director
Date of Appointment: 31-Dec-19
Mr. Ammar-ul-Haq

Mr. Ammar-ul-Haq

Nominee Director
Date of Appointment: 31-Dec-19
Mr. Mumtaz Hussain

Mr. Mumtaz Hussain

Non- Executive Director
Date of Appointment: 31-Dec-19
Mr. Sardar Ali Wattoo

Mr. Sardar Ali Wattoo

Non- Executive Director
Date of Appointment: 31-Dec-19
Mr. Muhammad Adnan Afaq

Mr. Muhammad Adnan Afaq

Non- Executive Director
Date of Appointment: 31-Dec-19
Mr. Muhammad Shahzad Saleem

Mr. Muhammad Shahzad Saleem

Chief Executive Officer/Director
Date of Appointment: 01-Jan-20

Code of Conduct for the Board of Directors

PACRA observes the highest standard of integrity and fairness in all their dealings. The Directors are expected to articulate and demonstrate high standards of honesty and integrity. They are required to observe ethical and law abiding behaviour in the organization. The BOD is responsible for setting up the standards of conduct in accordance with the regulatory requirements and the best practices. The BOD is expected to understand the prevailing Code of Conduct (by SECP, ACRAA and Other regional good practices) and uphold these standards and ensure compliance. PACRA's BOD affirm compliance to SECP approved code for PACRA on an annual basis. The current Code of Conduct has been adopted by the BOD in their 67th Meeting held on 18th June, 2010. The Board takes care of:

  • Compliance with laws, rules & regulations
  • Ethical conduct
  • Confidentiality
  • Conflict of interest
  • SECP restriction on Directors of Credit Rating Companies
  • Insider trading
  • Gifts
  • Reporting of any illegal or unethical behavior
  • Protecting company assets
  • Waivers and Modifications

Directorship History of PACRA

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