Page 78 - Pakistan Oilfield Limited - Annual Report 2022

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PAKISTAN OILFIELDS LIMITED
Directors’ Report
Corporate Governance

b) HR and Remuneration Committee

The Chairman heads Name Role
the Board meetings Mr. Babar Bashir Nawaz Chairman
Mr. Shuaib A. Malik
Member
and ensures effective Mr. Abdus Sattar Member
functioning of the During the year, the Board of Directors met five times. The number
Board. of meetings attended by each director during the year is as
follows:

Sr. Name of Director Board of Audit HR & R
No. Directors Committee Committee
Meetings Meetings Meetings
1 Mr. Laith G. Pharaon 5*
2 Mr. Wael G. Pharaon 5* 4* 1*
3 Mr. Shuaib A. Malik 5 1
4 Mr. Abdus Sattar 5 4 1
5 Mr. Sajid Nawaz 5
6 Mr. Shamim Ahmad Khan 5 4
7 Mr. Tariq Iqbal Khan 5 4

* Overseas directors attended the meetings either in person or through alternate
directors.

Board Meetings Held Outside Pakistan

All Board meetings were held through video links due to Covid-19
pandemic.

Directors’ Remuneration

The Board of Directors is authorized to determine, review and
amend from time to time the fee structure for attending the
meetings of the Board or any committee of Directors. A Director
may also be paid for travelling, hotel and other expenses properly
incurred by him in attending and returning from meetings of the