Presentation on Corporate Governance and Risk Assessment. Presented by: Falah-ud-din Sheryar Shahood Anjum Janjua Mohammad Omer Khan.

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Presentation transcript:

Presentation on Corporate Governance and Risk Assessment. Presented by: Falah-ud-din Sheryar Shahood Anjum Janjua Mohammad Omer Khan

Inadequacy of C.G arrangements Domination by members of family on board. No wider participation in board membership. No Non-Executive Directors (NEDs). Less rigorous CG requirement by the JPX’s country. No proper Board Committee Structure. Negative local environment impact.

Risk exposure to Chemco on JPX acquisition Foreign exchange risk. Risk of insufficient information on fair price to pay for JPX’s shares. Issues relating to valuing stock of JPX. Risk of damage to GOODWILL of Chemco on acquiring JPX. Changing the culture and system of JPX is quite problematic. Environmental risk.

Risk Assessment A ccording to Turnbull guidance Identification of risks facing by the Company. Level of risk acceptable or bearable. Likely chances of risk materializing. Safeguards, To reduce impact of risks materializing on business. Cost Benefit Analysis.

Advantages of Unitary board All members have equal legal responsibility. Presence of NEDs should lead to better decision making. Relationship between different type of directors to form strategy.

Explanation in the context of JPX. Getting in line with Chemco. No ‘dominated discussions’. No exploitation of external shareholders. Quality decision making – seeing things from different perspectives. Enhanced strategic planning. Accountability – less room for fraud. Minimizing Agency Problem.

Roles of NEDs Contribute to corporate strategy. Scrutinize Financial Statements. Evaluate risk management and control systems. Executive Remuneration.

Contributions of NEDs to improve governance of JPX Board Mitigate family domination Business culture. Ensure compliance with C.G.Cs. Different perspective to things. Ensuring shareholders interest. Ensure departmental heads are also listened.

Explanation of Environmental footprints Mark left by a company operation on its environment. The impact of the size of the company on its environment. The impact of policies of the company on its environment. Utilization of natural resource and impact of these utilization towards environment.

Importance of Environmental Reporting for JPX. It shows environmental strategies to stakeholders. Provide good impression to environmental controlling bodies. Fulfilling Corporate Social Responsibility. Assurance of following environmental law. Enhancing the product worthiness.

Thank you…