WAH NOBEL GILGIT BULTISTAN LTD

GROUP NAME

Unique

MEMBERS NAME

FIZZA RUBABW1F14MCOM0018

ZARA JAVAIDW1F14MCOM0027

SUBMITTED TO

SIR ASIF ATTARI

Dated

10th July, 2015

ABSTRACT

This article is one part of a project on the role of law in the history of corporate responsibility concerns associated with corporate personhood, corporate purpose, and corporate regulation all ultimately relate to a far more basic issue: corporate governance, directors duties stack holder engagement. It develops an influencing factor that should be consider when developing an effective security governance programs as a defense weapon to test and evaluate organization . Articles represent state-of-the-art research in an important area of corporate governance research. For each of these areas, we discuss the importance of the area and the questions it focuses on, how the article in the special issue makes a significant contribution to this area.

As the commercial demands of twenty-first century industrialization led to substantial displacement of the partnership form of business enterprise by large corporations with dispersed shareholders, control of these corporations - i.e., their governance - centered in the hands of senior managers, not investors themselves.

Contents

6Acknowledgement

7Dedication

8VISION STATEMENT

9CORPORATE MISSION

10INTRODUCTION

10Company

10History

11AIM OF PROJECT

13Question by Question Analysis

14INCORPORATION AND LISTING

14Introduction

16Memorandum of Association

17Article of Association

18Question by Question Analysis

20DIRECTORS

20Introduction

24Introduction

26Question By Question Analysis

27Conclusion

28Introduction

29Question By Question Analysis

29Introduction

30Question by Question Analysis

35Participating Firm

35Jurisdiction

35Research Temple

Acknowledgement

We would like to thank The Almighty Allah for helping us a lot although the project and for making us capabletocomplete thisproject.

We would like tothanksto ourteacher SIR ASIF ATTARI as well as our Principal Sardar Muhammad Shafique who supported us and guided us throughout the project and to tell us where we are lacking and what steps, could be taken to overcome them, so that well get the better results in our project.

We would also like to express our special thanks

to Mr.zafar Iqbal for giving us such time and attention.

And, last but not the least, our Parents who have supported us and have prayed a lot for so our real success that we are here withthe final project.

Dedication

BAB E MADINA TUL ILM

HAZRAT ALI A.S IBN E ABI TALIB

AND

OUR LOVING PARENTS

Whose love and affection and prayers have been a source of engorgement for us.

Vision Statement

The Companys vision is to be the Market Leader and

serve the needs of customers with total dedication,

supply them the current and anticipate their future needs,

create value for customers, shareholders,

employees and the community.

Corporate Mission

To meet the current needs of its customers and anticipate

their future needs. To maintain close and direct

contacts with the customers to ensure

their complete satisfaction. Constantly improve

the quality of all our activities through operational excellence.

To give fullest regard to the safety and health of employees and

customers. To promote professionalism at all levels

through constant education, training and development

of human resources. To safeguard the

environment and the community from pollution.

INTRODUCTIONCompany

Wah Nobel is a joint venture between Saab Sweden, Almisehal Saudi Arabia and the Pakistan Ordnance Factories founded in 1962. For more than five decades Wah Nobel has stood as a symbol of safety, reliability, service and commitment, Wah Nobel's products enjoy the highest standing in Pakistan and abroad. This has been achieved through innovation, experience, state-of-the-art technology and a vision for the future.

Wah Nobel is fully committed to a policy that ensures a consistent supply of quality products and services at competitive prices.

History

To meet the indigenous requirements of commercial explosives for mining and various infrastructural projects, it was decided to establish a company for manufacture of commercial explosives in 1961. To meet this end in 1962 it entered into a joint venture with Bofors Sweden, for the indigenous manufacture of commercial explosives and its accessories.

Thus a company named, Wah Bofors Explosives Company Limited now Wah Nobel (Pvt) Limited was founded. The project was a great breakthrough. The success of Wah Nobel (Pvt) Limited spurred it to enlarge its scope of activities and diversify its business. As a sequel following companies were established.

Wah Nobel Chemicals Limited 1982

Wah Nobel Baluchistan Explosives (Pvt) Ltd.1993

Wah Nobel Acetates Limited1998

Wah Nobel Gilgit-Baltistan (Pvt) Ltd 2014

Nobel Energy Ltd 2014

AIM OF PROJECT

The aim of our project is to demonstrating a high level of concentration, developing a sense of order (putting all materials back where they belong) ,taking pride in a job well done ,increasing independence through care of self and the environment ,developing respect for his community (using materials appropriately and cleaning up afterwards) ,improving fine motor coordination, intellectual and practical skills, ability to flourish as an individual, integration and synthesis of knowledge, Skills and abilities.

Setting Legal Landscape

Legal landscapes are the details of corporate laws. It includes human rights; environmental issues criminal issue health issue, security issue etc. The survey is mostly reliable on the result of relation to state role and practice in the company and human rights area as whole.

This has found that the region display considerable lawful and rule ineffectiveness at the state level, frequently replicated globally. The most general is what he has called straight incoherence, where economic or company paying attention department and agencies that directly shape business practices perform their work in separation from and mostly uninformed by their government human rights agencies and obligation.

Short list of the key consideration includes:

Wages and hour compliance.

Zoning.

Workplace safety and occupational safety and health act compliance.

Workers compensations.

Risk Management.

Employment discrimination issues in the administration.

Preservation of intellectual property rights.

Privacy, confidentiality and electronic monitoring.

Question by Question Analysis

1. What activities are considered to compensate the employees?

All federal and state laws including those governing minimum wage and overtime compensation are applied to the employees and the employees who fails to work par of the day still are paid on salary basis.

2. Does the employees have and use proper protective equipment, gloves etc., if needed?

Yes employees use proper protective equipment (Safety glasses, respirators, gloves etc.) if needed.

3. Are powers tools and machinery properly grounded?

Yes powers tools and machinery are properly grounded?

4. Whether the company is listed in stock exchange?

Yes, the company listed in stock exchange.

5. Who regulate the rule and regulation of the company?

The securities and exchange commission of Pakistan 1997 regulates the rules and regulation of the company.

6. Are the workers feel secure?

Yes workers feels secure because their payments (compensation benefits) are secured by the employers under workers compensation law.

7. Which corporate and security law are imposed and which law are imposed and why?

The companies ordinance 1984 is imposed corporate and security law.

INCORPORATION AND LISTINGIntroduction

In some jurisdictions, the corporate form, including its related benefits such as limited liability and separate legal personality, was historically viewed as a privilege in exchange for serving a public purpose. It also asks about similar requirements or expectations in relation to listing, due to the increasing role stock exchanges play in encouraging more socially responsible behavior.

Companyregistrationin Pakistan is managed under a singleauthority ofSecurities Exchange Commission of Pakistan, which act as the major regulatory power for the companies in most cases. Securities Exchange Commission of Pakistan workingsfor corporationlisting periodic monitor, fulfillment issue of business law and legislation, before and after corporationlistingfor company of all size in Pakistan.

CompanyRegistrationOffices are establish and inLahore, Karachi, Islamabad, Peshawar and 4 other cities in Pakistan. Functions of these CompanyRegistration Officescontainprovide services and direction, while also ensure that the companies, their director, legislative body, workers and additional connected parties comply with the legislative requirements as provided under the Companies Ordinance, 1984 (Pakistan).

Memorandum of AssociationArticle of AssociationQuestion by Question Analysis

8. What procedure is adapted by you to knowing your products to public?

To adopt such means of making known the products of the Company as may seem expedient and particular by advertising in the press, electronic media, by purchase and exhibit of workers of art or interest by publication of books and periodicals and by granting prizes, rewards and donations.

9. The liability of the members is either limited or unlimited?

The liability of the members is limited.

10. Can company increase and reduction of capital easily?

The company may from time to time by ordinary Resolution increase its share capital by the issue of new shares of such amount as its thinks expedient.

11.Can company borrow the money from members or other person?

The Directors may from time to time at their discretion borrow from the members or other persons and may themselves borrow any sum of money for the purposes of the Company.

12.The certificate of title of shares can be issued or not?

The certificate of shares shall be issued under the seal of the Company and shall be signed by at least two directors.

13. Can Arbitrators appoint an umpire whose decision is in case of disagreement?

In case any difference arises between the proposing transfer and purchasing member as to the price to be paid by the purchasing member for the said shares, the price shall be determined by one Arbitrator and in the event of disagreement, the Arbitrators shall appoint an umpire whose decision shall be final.

14.Business or undertaking of the Company can be sold or discontinued?

The business or undertaking of the Company shall not be sold or discontinued save with the sanction of a special Resolution duly approving the proposed sale.

15. Can poll demanded on the appointment of a chairman?

No poll shall not poll demanded on the appointment of a Chairman or on a question of adjournment

16. A person shall be appointed a proxy who is not a member of the company?

No person shall be appointed a proxy who is not a member of the Company and qualified to vote save that a Corporation being a member of the Company may appoint as its representative any person whether a member of the Company or not.

17. Whether the election of directors held according to the procedure or not?

The directors of a company shall, subject to section 174, fix the number of elected directors of the company not later than thirty-five days before the convening of the general meeting at which directors are to be elected, Election of the Directors will be held according to the procedures laid down in section 178 of the ordinance.

18. The remuneration of any person may be in the form of shares?

Yes, to remunerate any person, firm or body corporate rendering services to the Company either by Cash payments or by allotment to him or them of shares of securities of the company.

DIRECTORSIntroduction

TheCorporations Act 2001requires that a company director or other officer exercise their powers and discharge their duties with care and diligence [s 180].

This duty is subject to a business judgment rule that requires a director making a business judgment to:

Make the judgment in good faith and for a proper purpose

Not to have a material personal interest in the subject matter of the judgment;

Inform them about the subject matter of the judgment to the extent they reasonably believe to be appropriate;

Rationally believe that the judgment is in the best interests of the corporation.

Directors have aduty to make full and frank disclosureof information within their knowledge to enable shareholders to make properly informed judgments on any matter [s 191].

The questions associated to directors duties evaluate the extent to which director is required, permitted or confident to judge the human rights impact of the companys actions, as well as the judgment they are given in making these thought.

Directors are frequently required to make tricky decisions concerning to companys business actions, including those connected to the companys to the companys the humanity supply to directors on this problem.

BOARD OF DIRECTORS

Directors Duties:

Following are some duties of directors:

A director must act in what he fairly considers to be the companys interests, and not in the interests of some other person or body.

A director must not place himself in a position where his duty to the company and his personal interests may conflict.

Must not use the property or money of the company to make a profit for himself

Not Use information acquired by virtue of his position to make a profit for himself.

A director must employ the powers and assets that he is entrusted with for proper purposes,

and not for any collateral purpose.

It is the function of the directors to recommend the payment of the dividend and the function of the shareholders in general meeting to declare the dividend.

The directors are required to attach a report to the members together with the accounts (Section 201(5)).

A director has to ensure that the requirement to keep proper accounting records is complied with.

Section 201 of the Act requires the directors to produce to the shareholders a profit and loss account and a balance sheet at least once every calendar year. Section 171 of the Act requires every company to have a secretary and according to subsection (3), the secretary (or secretaries) shall be appointed by the directors of the company.

The directors of the company shall, within 3 months after incorporation of the company, appoint such a person or persons to be the auditor or auditors of the company who will hold office until the conclusion of the companys first Annual General Meeting (Section 205(1)).

Section 156 of the Act imposes a duty on every director to disclose at a meeting of the directors of the company his interest, whether direct or indirect, in a transaction or proposed transaction with the company.

A director may not enter into a transaction with the company without disclosing the fact that he is a party to the transaction and any profits that he will or is likely to obtain from the

transaction.

It is the duty of director to promote the success of the company (section 172)

Question by Question Analysis

19. To whom are directors duties owed?

The directors duties are allocated to the shareholders and to the company. The duties mostly involve obligation to keep away from disagreement of interests and not to breach the fiduciary hope, of the shareholders.

20. Are there duties to avoid legal risk and damage to the company's reputation? If so, are they duties in their own right or are they incorporated into other duties?

The duty to keep away from legal threat and injure to the companys name may absolutely be imposed upon the directors under the duty of care, ability and diligence.

21. If directors are required or permitted to consider the impacts on non-shareholders, to what extent do they have discretion in determining how to do so?

In relation to the National Environmental and Management, there is very restricted judgment, if at all, as concern the method of preparing the report on corporation impacts on the surroundings. Reports are to be prepared by experts authorized under the Act and the mode of conducting the Environmental Impact Assessment must comply with the regulations, guidelines and procedures issued under the Act.

22. What are the legal consequences of failing to fulfill any duties described above; and who may take act to begin them?

The company may by ordinary statement remove the director who has breached any of his/her fiduciary duties. The court may additionally order that such person be barred from being a director of the company for a period not exceeding 5 years. The common shareholders may also apply to the court for redress and the court may issue an order for removal of the director responsible or some other appropriate order.

23. Directors or any one of them can personally liable for the payment of primarily due from the Company?

If the directors or any of them shall become personally liable for the payment of any sum primarily due from the Company.

24. Can Directors raise and secure sum in such manner as they think fit?

The directors may raise and secure and payment of such sum or sum in such manner and upon such terms and conditions in all respect as they think fit.

25. Can directors borrow their discretion time to time from the members for the purpose of the Company?

The directors may from time to time at their discretion borrow from the members or others persons and may themselves borrow any sum or sum of money for the purposes of the Company.

26.can directors refuse to registered the transfer of any shares?

The Directors may refuse to register the transfers of any shares without assigning any reason therefore provided always that in the event of such refusal they shall within after the date on which the transferee was lodged with the Company send to the Transferee and the transferor notice of the refusal.

27.what is the election procedure of the Directors?

Election of the Directors will be held according to the procedures laid down in the section 178 of the Ordinance.

REPORTING

Introduction

This consequence of company following as well as reporting their human rights impacts under the corporate responsibility to respect. Reporting can be essential for the company in knowing whether its policies are being effectively implemented. It can also facilitate stakeholders to better engage with the company, assess risk and compare performance within and across industries.

The surveys provide that in several jurisdictions voluntary reporting is often encouraged by regulators and stock exchange commission of Pakistan (SECP). The company disclose and describe corporate governess issues in their annual or quarterly report. The jurisdiction companies self regulate to require disclosure on non- shareholders.

Objectives

The objective of these Guidelines is to promote the development of a framework for CSR initiatives by the companies.

Hierarchy:

Code of Corporate Governance

As required by the Code of Corporate Governance, the Directors are pleased to report the following:

1. The financial statements, prepared by the management of the Company, present fairly its state of affairs, the result of its operations, cash flows and changes in equity.

2. The Company has maintained proper books of account.

3. Appropriate accounting policies have been consistently applied in the preparation of financial statements and accounting estimates are based on reasonable and prudent judgment.

4. International Accounting Standards, as applicable in Pakistan, have been followed in the preparation of financial statements and any departure there from has been adequately disclosed.

5. The system of internal control is sound in design and has been effectively implemented and monitored.

6. There are no significant doubts upon the Companys ability to continue as a going concern.

7. There has been no material departure from the best practices of Corporate Governance, as detailed in the listing regulations.

Question By Question Analysis

28. Do reporting obligations extend to such impacts or actions outside the jurisdiction; to the impacts or actions of subsidiaries, suppliers and other business partners, whether occurring inside or outside the jurisdiction?

The companies Act requires merge financial reports for a group of related companies. However the reporting obligations as indicated above do not entail impacts of a non-financial nature.

29. Who must verify these reports; who can access reports; and what are the legal penalty of failing to report or misrepresentation?

The company is required by law to have an external auditor who verifies the financial reports. The auditor prepares a report which must be annexed to the financial reports. Moreover, the auditor has a right to be invited for the Annual General Meeting of the company and has a right to address the shareholders.

30. Are company required to disclose the impact of their operations on non share holders?

No it is not necessary for the company to disclose the impact of their operations on non share holders.

31. By whom the financial statements of the company are prepared?

Financial statement are prepared by the management of the company and present the fairly its state of affairs.

32. Is the system of internal control is effectively implemented?

Yes the system of internal control is sound in design and effectively implemented and monitored by directors.

33.Is the company contribute amount toward corporate tax, sales tax etc?

Yes company is contributing significant amount towards corporate tax, general sales tax, excise duty, custom duty and permit fee.

34. who have recognized the company performance?

Company performance have been recognized by Rawalpindi Chamber Of Commerce and Industry and awarded Best Performance in Trade 2013

Conclusion

If a director fails to take reasonable measures to ensure compliance with the requirements of the Act regarding Financial Reporting obligations, they will be liable to imprisonment for one year or fine. All the shareholders and creditors of a company are entitled to receive copies of the financial statements. These reports are not made publicly available on the regulators website. Company does not include the report on their websites. The surveys suggest a lack of clarity regarding the geographical scope of various reporting obligations and whether they extend to the acts of a companys subsidiaries or other business partners.

The surveys argue that it can generally be implied that reporting obligations extend to foreign impacts and possibly to the actions of business partners to the extent that such actions would otherwise need to be disclosed under the rules described above.

STAKEHOLDER ENGAGEMENT

Introduction

Stakeholder engagementis the procedure by which a business involves community who may be affecting by the decision it make or can power the accomplishment of its decisions. They may maintain or oppose the decision, be powerful in the organization or within the community in which it operates, hold relevant official positions or be affected in the long term.

Who are stakeholders?

Stakeholders are persons or groups who are directly or indirectly affected by a project, as well as those who may have interests in a project and the ability to influence its outcome, either positively or negatively.

Stakeholders may include locally affected communities or individuals and their formal and informal representatives, national or local government authorities, politicians, religious leaders, civil society organizations and groups with special interests, the academic community, or other businesses.

Question By Question Analysis

35: Can non shareholders attend the annual General meetings of the company?

Yes non shareholders can attend the annual general meetings as observer of the company but they cannot participate as compared to shareholder.

36: Who are the competitors of the company?

Main competitors of the company are Pakistan Ltd, Super Chemicals

37: What are the challenges that company often face in the new market?

Challenges that the company face in the new markets are pricing and production. Company try to produce quality products and pricing strategies are made on the basis of competitors pricing.

38: What are the engagements of stakeholders of the company?

Stakeholders includes the groups of share holders, creditors etc. Shareholders attend the annual general meetings of the company. Creditors have as no such engagements company usually issues 60 days and 20 days credit.

39.Are suppliers effects the company?

Yes suppliers also effects the company their up to date supply helps in capturing maximum market share

Others Issues of Corporate Governance

Introduction

We have review the Statement of Compliance with the best practice contain in the Code of Corporate Governance arranged by the Board of Directors of Wah Nobel Gilgit Bultistan Limited to comply with the Listing Regulation of the Karachi, Lahore and Islamabad Stock Exchanges where the Company is listed. The issues that may exist in company are:

Shareholders and management conflicts

Voting issues in selection of directors

Re elections of directors

Re appointment of auditors

Changes in share capital

Concerns about proxy advisor power and influence.

The long-standing debate about the purpose of the corporation and governance roles.

Shareholder litigation and the reactive use of corporate by-laws to protect boards.

Tensions between achieving short-term returns and making long-term investment.

Question by Question Analysis

40. Are there any other laws requiring representation of particular constituencies on company boards?

The survey recommended that it is unusual for jurisdiction to need that non-shareholders be represented on corporation boards. In the jurisdiction where non-shareholders do require being included, staff is the most frequently represented group. Although the requirements connecting to worker representation are different in each jurisdiction, a general feature is that they tend to occur once a company reaches a definite entry number of workers.

41. Are there any laws requiring gender, racial/ethnic representation; or nondiscrimination generally, on company boards?

This question identifying that a number of regulators around the world are currently considering the advantages and disadvantages of greater diversity on company boards, including in relation to gender.

This includes calls to increase the presence of women on company boards. There are no laws requiring gender, racial/ ethnic representation or non-discrimination generally, on company boards.

42. Is there any arbitrates to resolve the disputes between members or employees of the company?

There are no as such arbitrates to resolve the issues. Company has advisors of sales tax, Income tax and custom that in case of disputes helps to resolves the issues between members and employees.

43:What is the impact of sound corporate governance on company?

Sound corporate governance of company enhances the productivity of the company. Properly structure corporate governance improves effectiveness. It highlights role of stakeholders in the firm.

44. Are there any laws related to the corporate governance that encourage the company to develop corporate culture?

The company has prepared a Code of Conduct and has ensured that appropriate steps have been taken to Disseminate it throughout the company along with supporting policies.

Concluding Remarks

The organization is providing the customers the best products at the best cost.

Delivery of the products and services is made efficiently and effectively.

Wah Nobel has stands as sign of protection, trustworthiness, service plus obligation throughout the decades.

Wah Nobel's goods are known as the symbol of excellence in Pakistan as well as out of this country.

The excellence and goodwill is established all the way through improvement, experience, exposure, using the latest technology and expertise.

All the staff has very good approach because of experience in respective field.

There is union and co-ordination among all staff

Company has open door policies.

Board of directors has delegated powers.

Company has sound internal control.

Management of the company is progressive.The Board of Directors of Wah Nobel Gilgat Bultistan Limited to comply with the Listing Regulation of the Karachi, Lahore and Islamabad Stock Exchanges where the Company is listed.

The financial statements, prepared by the management of the Company, present fairly its state of affairs, the result of its operations, cash flows and changes in equity.

Election of the Directors will be held according to the procedures laid down in the section 178 of the Ordinance.

A director must not place himself in a position where his duty to the company and his personal interests may conflict.

SUGGESTIONS

Add new employees and equipment when you need them. One of the biggest reasons companies experience growing pains when they are expanding is due to short staffing or a failure to add new equipment to keep up with demand.

Study the market and the competition and open a new location nearby or take your business online to expand your global horizons.

Creating innovative new-growth initiatives without losing discipline and focus on the core business.

Finding the time to guide and coach new-growth teams without neglecting the other burning issues on the agenda.

Supporting innovative thinkers and risk takers without signaling neglect of the core business

RECOMMENDATIONS

The company should be engaged in developing more accurate marketing strategies to sustain the present lot of customers as well attract the new customers also.

Proper Human resource department should be established in order to address the actual needs and issues of the employees.

HR should be provided with courses how to use the machinery and the equipment properly, safety measures should also be provided.

Appraisals and incentives should be provided on the amount of quality services the employee is providing.

Communication gap between management and staff must be eliminated through counseling.

Working hours should be reduced for achieving extra output from workers. And working timing should be equal to international standards.

Company should make feasibility of settings their plant in local area.

Company should use discovery process to uncover cross-sales opportunities.

Company should understand the account management preferences of your business customers.

Company should emphasize to his employees how diversity benefits the company, and how that ultimately benefits each employee.

APPENDICES

Participating Firm

Wah Nobel Gilgat Bultistan

Jurisdiction

Companies Ordinance 1984.

Law of Contract Act 1872

Labor Laws

Sale Tax Act 1990

Income Tax Ordinance 2001

Zakat and Ushr Ordinance 1980

International Financial Reporting Framework

RESEARCH TEMPLE

Legal Landscape

1.What activities are considered to compensate the employees?

2. Does the employees have and use proper protective equipment, gloves etc, if needed?

3.Are powers tools and machinery properly grounded?

4. Whether the company is listed in stock exchange?

5. Who regulate the rule and regulation of the company?

6. Which corporate and security law are imposed and which law are imposed and why?

7. Are the workers feel secure?

Incorporation and listing:

8. What procedure is adapted by you to knowing your products to public?

9. The liability of the members is either limited or unlimited?

10. Can company increase and reduction of capital easily?

11. Can company borrow the money from members or other person?

12.The certificate of title of shares can be issued or not?

13.Can Arbitrators appoint an umpire whose decision is in case of disagreement?

14.Business or undertaking of the Company can be sold or discontinued?

15.Can poll demanded on the appointment of a chairman?

16. A person shall be appointed a proxy who is not a member of the company?

17. Whether the election of directors held according to the procedure or not?

18. The remuneration of any person may be in the form of shares?

Directors Duties

19. To whom are directors duties owed?

20. Are there duties to avoid legal risk and damage to the company's reputation? If so, are they duties in their own right or are they incorporated into other duties?

21. If directors are required or permitted to consider the impacts on non-shareholders, to what extent do they have discretion in determining how to do so?

22. What are the legal consequences of failing to fulfill any duties described above; and who may take act to begin them?

23. Directors or any one of them can personally liable for the payment of primarily due from the Company?

24. Can Directors raise and secure sum in such manner as they think fit?

25. Can directors borrow their discretion time to time from the members for the purpose of the Company?

26. Can directors refuse to register the transfer of any shares?

27. What is the election procedure of the Directors?

Reporting

28. Do reporting obligations extend to such impacts or actions outside the jurisdiction; to the impacts or actions of subsidiaries, suppliers and other business partners, whether occurring inside or outside the jurisdiction?

29. Who must verify these reports; who can access reports; and what are the legal penalty of failing to report or misrepresentation?

30. Is company required to disclose the impact of their operations on non share holders?

31. By whom the financial statements of the company are prepared?

32. Is the system of internal control is effectively implemented?

33. Is the company contribute amount toward corporate tax, sales tax etc.?

34. Is the company performance have been recognized and by whom?

Stack Holder Engagement

35. Can non shareholders attend the annual General meetings of the company?

36. Who are the competitors of the company?

37. What are the challenges that company often face in the new market?

38. What are the engagements of stakeholders of the company?

39. Are suppliers affects the company?

Other Issues Of Corporate Governess

40. Are there any other laws requiring representation of particular constituencies on company boards?

41. Are there any laws requiring gender, racial/ethnic representation; or nondiscrimination generally, on company boards?

42. Is there any arbitrates to resolve the disputes between members or employees of the company?

43. What is the impact of sound corporate governance on company?

44. Are there any laws related to the corporate governance that encourage the company to develop corporate culture?

REFRENCES

http://www.wahnobel.com/about.html

http://www.slideshare.net/abidi512/wah-nobel-ltd

Wah Nobel Annual General Report 2014

MR.ZAFAR IQBAL (General Managers Accounts Wah Nobel Group of Companies)

MR.TARIQ SHAFI (General Manager Production, Admin & HR Wah Nobel Group of Companies)

http://corpgov.law.harvard.edu/2014/12/12/corporate-governance-issues-for-2015

Board of Director

Chief Executive

General Manager

15