Other Corporate Officials

Question 1

Chairman Of Board (For listed company)
Criteria

Answer 1

Non-executive director me se appoint hoga

Question 2

Time frame of chairman of board

Answer 2

Within 14 days of election of directors
(Same as CEO)

Question 3

Tenure of chairman of board

Answer 3

3 years (same as director)

Question 4

Responsibilities of chairman of board

Answer 4

•Leader of the board
•Determine by the board
•Include “review report on performance of board” in annual financial statement

For specified companies CEO and chairman shall not be the same person

Question 5

Company secretary (for public company)
responsibilities

Answer 5

To advice board on compliance with legal requirements
To maintain relevant records (meetings k minutes)

Question 6

Criteria for company secretary

Answer 6

•Specified qualification + experience
•shall be an employee

Question 7

Sole purchase/sale or distribution agent

Answer 7

Approval of commission is necessary except;
If co incorporated outside Pakistan and major portion of business is conducted outside

Question 8

Share registrar (for listed company)
responsibilities

Answer 8

To handle transfer of shares

Question 9

Criteria for share registrar

Answer 9

•Name is mentioned in notice of General meeting
•To share registrar