Beruflich Dokumente
Kultur Dokumente
Vision To be the premier Pakistani enterprise with a global reach passionately pursuing value creation for all stakeholders
Engro philosophy Not only grow and increase shareholders wealth Work for the betterment of customers, society, employees, partners and government
Chairmans message We will continue to implement action consistent with our corporate motto Enabling Excellence in everything that we think and do
Hussain Dawood Muhammad Aliuddin Ansari Shabbir Hashmi Shahzada Dawood Saad Raja Ruhail Mohammed Shahid Hamid Pracha Khawaja Iqbal Hassan Khalid Siraj Subhani Sarfaraz A. Rehman Afnan Ahsan Abdul Samad Dawood Andalib Alavi
(Chairman, Executive director ) (President & CEO, Executive director) ( Non- executive director) ( Non- executive director) ( Non- executive director) (Executive director ) ( Non- executive director) ( Non- executive director) ( Non- executive director) ( Non- executive director) (Executive director) ( Non- executive director) (secretary, Executive director )
CONTD. . . .
Audit committee In reviewing and reporting financial and non-financial information to shareholders, Systems of internal control risk management and the audit process Meeting time: At least once every quarter
CONTD. . .
Investment committee To reviewing the Company's investment transactions Performances, In overseeing the Company's capital financial resources. Committee meets At least three times a year on need basis
Aligned incentives
High disclosur e
Corporate Context
Shareholder equality
Application
Aligned incentives: Incentives are aligned with the performance of professionals Transparency and accountability: Developed a good system High disclosure: To maintain a high disclosure by audit committee.
Stakeholder Theory
Application: Working for a) Society b) Employees and c) Government etc Focus: o Protecting shareholders interest o Growing their business in order to increase shareholders wealth
Internal Environment
Vision; Mission, Policies, Norms Companys Act SEC Stock Exchanges Auditors
Internal Stakeholders
GOVERNANCE SYSTEM
Proper Governance Shareholder Value Corporate Governance Outcome / Benefits to Society Transparency Investor Protection Healthy Corporate Sector Development Concern for Customer
Subcontinent Model
Organization they are working for all shareholders like: Shareholders, Customers, Employees, Government, Enduring high disclosure and transparency. Best quality products in reasonable price
CONTD. . . . .
Provides: Establishment of thalassemia Centre in Sukkur Health services to 19,725 patients, provided education to 3,635 students and Made 166 model homes in model villages etc.
Governance hallmarks/issues
Engro Internal Rift Expansion was planned by the then President and CEO Engro, Asad Umar But the whole corporation came into trouble after he and another board member and CEO of Engro Fertilizers Khaild Mansoor who also resigned from his post recently, was under immense grilling of the fellow board members.
Conclusion
Engro is follow the Mckinseys market model
Applies to Engro is Stakeholders theory The model that applies is the Sub continental model Engro also perform the CSR activities
Recommendations
I. Not to diversify their II. It will reduce the check and balance from the employees and directors