SUSTAINABILITY

Non-Executive & Independent Directors’ Remuneration Policy

PREAMBLE
The Board of Directors (the “Board”) of Mirpurkhas Sugar Mills Limited (the “Company”) has adopted this Policy upon the implementation of Section 170 of the Companies Act 2017 read with Regulation No. 17 of the Code of Corporate Governance.

Amendments, from time to time, to the Policy, if any, shall be considered by the Board in lights of changes in applicable laws and/or such external circumstances that directly apply to the scope of this Policy.

SCOPE AND APPLICABILITY
The Policy shall apply to all Non-Executive and Independent Directors who attend Board meetings, Audit Committee meetings, Human Resource and Remuneration Committee meetings and any other meetings called by the Board.

TERMS OF THE POLICY
Through the Articles of the Company, the Board is authorized to fix remuneration of Non-Executive and Independent Directors from time to time. The fee of the Non-Executive and Independent Directors for attending the Board and Committee meetings of the Company shall be as determined by the Board of Directors from time to time.

HEAD OFFICE

Modern Motors House Beaumont Road,
Karachi-75530
UAN: +92 21 111-000-009
TEL: +92 21 35683566-35683567-35688348-35689538
FAX +92 21 35683425
E-mail: msm@gfg.com.pk

REGISTERED OFFICE / FACTORY

Sub Post Office Sugar Mill Jamrao, Umerkot Road
Mirpurkhas, Sindh
UAN: +92 (91) 111-000-009
TEL: +92 (233) 517061-2
FAX: +92 (233) 506010
E-mail: msm.site@gfg.com.pk

© Copyright 2020 Mirpurkhas Sugar Mills Limited. All Rights Reserved
Designed & Developed by Symmetry Group Ltd.

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