Bhanero Textile Mills Limited has submitted a Statement of Compliance with the Code of Corporate Governance Regulations, 2019, outlining its adherence to corporate governance best practices.
- The company has a total of ten directors, with nine males and one female.
- Independent Directors include Mr. Tauqeer Ahmed Sheikh, Mr. Asif Elahi, and Mr. Mustafa Tanvir.
- The Board has established various committees, including an Audit Committee and a Human Resource & Remuneration Committee.
- The company confirmed compliance with regulations regarding board composition, meetings, and internal audits.
- Notable non-compliance includes the absence of a Nomination Committee and a Risk Management Committee, which are not mandatory.
- The company is in the process of incorporating recent amendments related to Environmental, Social, and Governance (ESG) practices.