Board Governance Audit Findings
Minimum Board Size (Section 156, Companies Act 2017):
Compliant
Female Director Quota (Regulation 7, SECP CCG 2019):
Compliant
Independent Director Quota (Reg 6: Max(2, 1/3 Board)):
Compliant
Executive Director Ceiling (Reg 7: Max 1/3 Board):
Compliant
Directors Training Program (Reg 19: 100% Certified/Exempt):
Compliant
Audit Committee Independent Chair (Regulation 27):
Compliant
Overall SECP Regulatory Standing:
Fully Compliant
Under SECP Listed Companies (Code of Corporate Governance) Regulations 2019, failure to maintain statutory board composition triggers show-cause notices under Section 479 of the Companies Act 2017, exposing company officers to personal financial penalties and PSX non-compliance notices.
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